Is 85029, 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, 85029 has remained a Seller's Market.
Housing Prices in 85029, AZ
How much do homes in 85029, AZ cost?
Median Sold Price
$365,033
$248/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85029 was $365,033 in April 2024, down 1.5% from last year, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $147.5K | N/A |
2 Bedrooms | $275K | $268K | -2.5% |
3 Bedrooms | $372K | $366K | -1.6% |
4 Bedrooms | $412K | $400K | -2.9% |
5+ Bedrooms | $453.5K | $440K | -3.0% |
Summary: 85029 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 decreased by 2.5%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 85029, AZ
How many homes are available in 85029, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 159 | +3.2% |
Summary: The 85029 real estate market had 159 homes for sale in April 2024, a 3.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 28 | +7.7% |
3 Bedrooms | 80 | 77 | -3.8% |
4 Bedrooms | 41 | 47 | +14.6% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 85029 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 7.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in 85029 in April 2024, down by 4.8% month-over-month. Of the 40 sold homes, 48% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for 85029, AZ
How long does it take to sell a home in 85029, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 44 Days | -23.0% |
Summary: Homes in 85029 had an average of 44 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in 85029; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.