Is 86303, 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, 86303 has remained a Seller's Market.
Housing Prices in 86303, AZ
How much do homes in 86303, AZ cost?
Median Sold Price
$633,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 86303 was $633,000 in March 2024, up 1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $271.5K | $309.9K | +14.2% |
2 Bedrooms | $420.6K | $512.5K | +21.8% |
3 Bedrooms | $677.5K | $705K | +4.1% |
4 Bedrooms | $719.6K | $795K | +10.5% |
5+ Bedrooms | $975K | $983.5K | +0.9% |
Summary: 86303 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 0.9%.
Housing Supply in 86303, AZ
How many homes are available in 86303, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The 86303 real estate market had 52 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 86303 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 22.2%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 86303 in March 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for 86303, AZ
How long does it take to sell a home in 86303, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
84 Days | 95 Days | +13.2% |
Summary: Homes in 86303 had an average of 95 days on market in Mar 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 86303; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.