Is 85603, 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, 85603 was a Seller's Market.
Housing Prices in 85603, AZ
How much do homes in 85603, AZ cost?
Median Sold Price
$240,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85603 was $240,000 in March 2024, up 24.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $218K | $163K | -25.2% |
2 Bedrooms | $202.9K | $255K | +25.6% |
3 Bedrooms | $157.5K | $249.9K | +58.7% |
4 Bedrooms | $238.2K | $262.5K | +10.2% |
5+ Bedrooms | $274K | $459K | +67.5% |
Summary: 85603 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.2%, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 58.7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 67.5%.
Housing Supply in 85603, AZ
How many homes are available in 85603, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Summary: The 85603 real estate market had 71 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 85603 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 85603 in March 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 85603, AZ
How long does it take to sell a home in 85603, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 98 Days | +35.2% |
Summary: Homes in 85603 had an average of 98 days on market in Mar 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 85603; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.