Is 85390, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 85390 was a Seller's Market.
Housing Prices in 85390, AZ
How much do homes in 85390, AZ cost?
Median Sold Price
$510,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85390 was $510,000 in March 2024, down 10.4% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $205K | +10.8% |
2 Bedrooms | $523.8K | $489.4K | -6.6% |
3 Bedrooms | $625K | $526K | -15.8% |
4 Bedrooms | $763.5K | $675K | -11.6% |
5+ Bedrooms | $1.4M | $635K | -55.8% |
Summary: 85390 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 55.8%.
Housing Supply in 85390, AZ
How many homes are available in 85390, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 203 | +16.7% |
Summary: The 85390 real estate market had 203 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 68 | 82 | +20.6% |
3 Bedrooms | 76 | 84 | +10.5% |
4 Bedrooms | 20 | 24 | +20.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 85390 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 85390 in March 2024, up by 83.3% month-over-month. Of the 22 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.
Days on Market for 85390, AZ
How long does it take to sell a home in 85390, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
95 Days | 120 Days | +25.7% |
Summary: Homes in 85390 had an average of 120 days on market in Mar 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 85390; 5% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.