Is 86351, 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, 86351 was a Seller's Market.
Housing Prices in 86351, AZ
How much do homes in 86351, AZ cost?
Median Sold Price
$793,200
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 86351 was $793,200 in April 2024, down 1.1% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $356K | N/A |
2 Bedrooms | $635K | $655K | +3.1% |
3 Bedrooms | $777.4K | $778.2K | 0.1% |
4 Bedrooms | $1.0M | $1.1M | +4.8% |
5+ Bedrooms | $1.9M | $2.4M | +23.8% |
Summary: 86351 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 increased by 3.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 23.8%.
Housing Supply in 86351, AZ
How many homes are available in 86351, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The 86351 real estate market had 38 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 86351 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 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 86351 in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 86351, AZ
How long does it take to sell a home in 86351, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 39 Days | -44.1% |
Summary: Homes in 86351 had an average of 39 days on market in Apr 2024, down by 44.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 86351; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.