Is 86005, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 86005 has remained a Buyer's Market.
Housing Prices in 86005, AZ
How much do homes in 86005, AZ cost?
Median Sold Price
$1,233,381
$473/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 86005 was $1,233,381 in April 2024, up 25.2% from last year, and the median price per square foot was $473.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283K | $249.9K | -11.7% |
2 Bedrooms | $581K | $420K | -27.7% |
3 Bedrooms | $762.5K | $1.1M | +50.8% |
4 Bedrooms | $1.5M | $1.7M | +9.7% |
5+ Bedrooms | $2.1M | $1.8M | -12.9% |
Summary: 86005 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 27.7%, 3 bedroom homes increased by 50.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in 86005, AZ
How many homes are available in 86005, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 45 | +7.1% |
Summary: The 86005 real estate market had 45 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 10 | 15 | +50.0% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 86005 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 6 | -50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 86005 in April 2024, down by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 86005, AZ
How long does it take to sell a home in 86005, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 62 Days | -26.9% |
Summary: Homes in 86005 had an average of 62 days on market in Apr 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
4 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, 6 homes were sold in 86005; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.