Is 85044, 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, 85044 has remained a Seller's Market.
Housing Prices in 85044, AZ
How much do homes in 85044, AZ cost?
Median Sold Price
$469,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85044 was $469,000 in April 2024, up 2.3% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $237.5K | +5.6% |
2 Bedrooms | $378K | $360K | -4.8% |
3 Bedrooms | $475K | $477.7K | +0.6% |
4 Bedrooms | $587.5K | $580K | -1.3% |
5+ Bedrooms | $983K | $830K | -15.6% |
Summary: 85044 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in 85044, AZ
How many homes are available in 85044, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
154 | 146 | -5.2% |
Summary: The 85044 real estate market had 146 homes for sale in April 2024, a 5.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 51 | 49 | -3.9% |
3 Bedrooms | 61 | 53 | -13.1% |
4 Bedrooms | 29 | 33 | +13.8% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 85044 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 53 | +17.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 53 homes were sold or pending in 85044 in April 2024, up by 17.8% month-over-month. Of the 53 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 85044, AZ
How long does it take to sell a home in 85044, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 50 Days | -24.4% |
Summary: Homes in 85044 had an average of 50 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 53 homes were sold in 85044; 28% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.