Is 85616, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 85616 was a Seller's Market.
Housing Prices in 85616, AZ
How much do homes in 85616, AZ cost?
Median Sold Price
$190,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85616 was $190,000 in April 2024, down 3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $142.5K | $95K | -33.3% |
3 Bedrooms | $199K | $195.9K | -1.5% |
4 Bedrooms | $425K | $171.1K | -59.7% |
5+ Bedrooms | $190K | $487.5K | +156.6% |
Summary: 85616 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 33.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 59.7%, and 5+ bedroom homes increased by 156.6%.
Housing Supply in 85616, AZ
How many homes are available in 85616, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The 85616 real estate market had 34 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85616 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 increased by 20%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in 85616 in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 85616, AZ
How long does it take to sell a home in 85616, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
104 Days | 123 Days | +18.8% |
Summary: Homes in 85616 had an average of 123 days on market in Apr 2024, up by 18.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in 85616; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.