Is 85396, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 85396 has remained a Seller's Market.
Housing Prices in 85396, AZ
How much do homes in 85396, AZ cost?
Median Sold Price
$457,620
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85396 was $457,620 in April 2024, down 4.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $429.5K | N/A |
2 Bedrooms | $484.1K | $459.2K | -5.1% |
3 Bedrooms | $450K | $425K | -5.6% |
4 Bedrooms | $479.9K | $455.1K | -5.2% |
5+ Bedrooms | $575K | $524.9K | -8.7% |
Summary: 85396 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 85396, AZ
How many homes are available in 85396, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
523 | 529 | +1.1% |
Summary: The 85396 real estate market had 529 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 151 | 144 | -4.6% |
3 Bedrooms | 166 | 162 | -2.4% |
4 Bedrooms | 162 | 182 | +12.3% |
5+ Bedrooms | 44 | 41 | -6.8% |
Summary: The 85396 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 6.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 94 | 0.0% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in 85396 in April 2024, the same as the previous month. Of the 94 sold homes, 52% were sold under asking, 34% were sold at asking, and 14% were sold over asking.
Days on Market for 85396, AZ
How long does it take to sell a home in 85396, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 81 Days | -3.2% |
Summary: Homes in 85396 had an average of 81 days on market in Apr 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 94 homes were sold in 85396; 24% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.