Is 85650, 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, 85650 was a Seller's Market.
Housing Prices in 85650, AZ
How much do homes in 85650, AZ cost?
Median Sold Price
$340,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85650 was $340,000 in March 2024, down 0.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $233.1K | - | N/A |
2 Bedrooms | $295K | $299.5K | +1.5% |
3 Bedrooms | $323.7K | $320.9K | -0.9% |
4 Bedrooms | $372.5K | $368K | -1.2% |
5+ Bedrooms | $484.9K | $505K | +4.1% |
Summary: 85650 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in 85650, AZ
How many homes are available in 85650, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 97 | +9.0% |
Summary: The 85650 real estate market had 97 homes for sale in March 2024, a 9.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 41 | 43 | +4.9% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 85650 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 increased by 7.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 24%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 16 | -23.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 85650 in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 85650, AZ
How long does it take to sell a home in 85650, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 82 Days | +46.2% |
Summary: Homes in 85650 had an average of 82 days on market in Mar 2024, up by 46.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 85650; 6% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.