Is 85083, 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, 85083 has remained a Seller's Market.
Housing Prices in 85083, AZ
How much do homes in 85083, AZ cost?
Median Sold Price
$630,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85083 was $630,000 in April 2024, up 5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $380K | $388.2K | +2.2% |
3 Bedrooms | $505K | $525K | +4.0% |
4 Bedrooms | $620K | $710K | +14.5% |
5+ Bedrooms | $760K | $766.2K | +0.8% |
Summary: 85083 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 2.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 0.8%.
Housing Supply in 85083, AZ
How many homes are available in 85083, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 88 | +10.0% |
Summary: The 85083 real estate market had 88 homes for sale in April 2024, a 10.0% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 23 | 21 | -8.7% |
4 Bedrooms | 41 | 44 | +7.3% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 85083 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 66.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 85083 in April 2024, up by 9.5% month-over-month. Of the 23 sold homes, 78% were sold under asking, 9% were sold at asking, and 13% were sold over asking.
Days on Market for 85083, AZ
How long does it take to sell a home in 85083, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 46 Days | -27.5% |
Summary: Homes in 85083 had an average of 46 days on market in Apr 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 85083; 30% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.