Is 85607, 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, 85607 was a Seller's Market.
Housing Prices in 85607, AZ
How much do homes in 85607, AZ cost?
Median Sold Price
$190,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85607 was $190,000 in March 2024, up 11.8% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143K | $87.5K | -38.8% |
2 Bedrooms | $111.6K | $110K | -1.5% |
3 Bedrooms | $180K | $190K | +5.6% |
4 Bedrooms | $239K | $222.5K | -6.9% |
5+ Bedrooms | $227.5K | $310K | +36.3% |
Summary: 85607 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 36.3%.
Housing Supply in 85607, AZ
How many homes are available in 85607, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Summary: The 85607 real estate market had 62 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 14 | 13 | -7.1% |
3 Bedrooms | 33 | 32 | -3.0% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85607 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 85607 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 85607, AZ
How long does it take to sell a home in 85607, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
111 Days | 88 Days | -20.8% |
Summary: Homes in 85607 had an average of 88 days on market in Mar 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 85607; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.