Is 85395, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 85395 has remained a Seller's Market.
Housing Prices in 85395, AZ
How much do homes in 85395, AZ cost?
Median Sold Price
$555,529
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85395 was $555,529 in March 2024, up 2.2% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $257.5K | -9.6% |
2 Bedrooms | $500K | $490K | -2.0% |
3 Bedrooms | $500K | $542.5K | +8.5% |
4 Bedrooms | $594K | $645K | +8.6% |
5+ Bedrooms | $698K | $700K | 0.3% |
Summary: 85395 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 85395, AZ
How many homes are available in 85395, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
267 | 315 | +18.0% |
Summary: The 85395 real estate market had 315 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 108 | 131 | +21.3% |
3 Bedrooms | 74 | 87 | +17.6% |
4 Bedrooms | 57 | 63 | +10.5% |
5+ Bedrooms | 28 | 34 | +21.4% |
Summary: The 85395 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 53 | +39.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 85395 in March 2024, up by 39.5% month-over-month. Of the 53 sold homes, 38% were sold under asking, 47% were sold at asking, and 15% were sold over asking.
Days on Market for 85395, AZ
How long does it take to sell a home in 85395, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 78 Days | +18.9% |
Summary: Homes in 85395 had an average of 78 days on market in Mar 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During March 2024, 53 homes were sold in 85395; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.