Is 85615, 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, 85615 has remained a Seller's Market.
Housing Prices in 85615, AZ
How much do homes in 85615, AZ cost?
Median Sold Price
$400,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85615 was $400,000 in March 2024, down 2.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $225K | +80.0% |
2 Bedrooms | $156K | $329.5K | +111.2% |
3 Bedrooms | $393K | $339K | -13.7% |
4 Bedrooms | $470.9K | $487.5K | +3.5% |
5+ Bedrooms | $498K | $280K | -43.8% |
Summary: 85615 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 111.2%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 43.8%.
Housing Supply in 85615, AZ
How many homes are available in 85615, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 69 | +7.8% |
Summary: The 85615 real estate market had 69 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 40 | 41 | +2.5% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 85615 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 remained the same, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 20 | +185.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in 85615 in March 2024, up by 185.7% month-over-month. Of the 20 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 85615, AZ
How long does it take to sell a home in 85615, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
157 Days | 148 Days | -5.6% |
Summary: Homes in 85615 had an average of 148 days on market in Mar 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in 85615; 10% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 65% of homes were sold over 90 days.