Is 85901, 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, 85901 was a Seller's Market.
Housing Prices in 85901, AZ
How much do homes in 85901, AZ cost?
Median Sold Price
$504,500
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 85901 was $504,500 in March 2024, up 1.9% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $197K | -28.4% |
2 Bedrooms | $335K | $330K | -1.5% |
3 Bedrooms | $500K | $515K | +3.0% |
4 Bedrooms | $750K | $805K | +7.3% |
5+ Bedrooms | $1.1M | $1.0M | -10.0% |
Summary: 85901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 10%.
Housing Supply in 85901, AZ
How many homes are available in 85901, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 105 | +25.0% |
Summary: The 85901 real estate market had 105 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 10 | 16 | +60.0% |
3 Bedrooms | 52 | 63 | +21.2% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 85901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in 85901 in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.
Days on Market for 85901, AZ
How long does it take to sell a home in 85901, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 87 Days | -0.0% |
Summary: Homes in 85901 had an average of 87 days on market in Mar 2024, down by 0% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in 85901; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 54% of homes were sold over 90 days.