Is 85541, 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, 85541 was a Seller's Market.
Housing Prices in 85541, AZ
How much do homes in 85541, AZ cost?
Median Sold Price
$480,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85541 was $480,000 in March 2024, up 5.5% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $303K | +8.2% |
2 Bedrooms | $342.5K | $350K | +2.2% |
3 Bedrooms | $460K | $490K | +6.5% |
4 Bedrooms | $695K | $690K | -0.7% |
5+ Bedrooms | $925.5K | $817.5K | -11.7% |
Summary: 85541 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in 85541, AZ
How many homes are available in 85541, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 148 | +16.5% |
Summary: The 85541 real estate market had 148 homes for sale in March 2024, a 16.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 30 | 33 | +10.0% |
3 Bedrooms | 56 | 68 | +21.4% |
4 Bedrooms | 34 | 38 | +11.8% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 85541 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 85541 in March 2024, down by 27.8% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for 85541, AZ
How long does it take to sell a home in 85541, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
76 Days | 86 Days | +13.1% |
Summary: Homes in 85541 had an average of 86 days on market in Mar 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 85541; 31% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.