Is 85215, 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, 85215 has remained a Seller's Market.
Housing Prices in 85215, AZ
How much do homes in 85215, AZ cost?
Median Sold Price
$519,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85215 was $519,000 in April 2024, up 6.5% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $372K | $400K | +7.5% |
3 Bedrooms | $489.9K | $517K | +5.5% |
4 Bedrooms | $599.9K | $625K | +4.2% |
5+ Bedrooms | $1.0M | $1.3M | +23.0% |
Summary: 85215 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 7.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 23%.
Housing Supply in 85215, AZ
How many homes are available in 85215, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 120 | -0.8% |
Summary: The 85215 real estate market had 120 homes for sale in April 2024, a 0.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 39 | 31 | -20.5% |
3 Bedrooms | 44 | 51 | +15.9% |
4 Bedrooms | 27 | 25 | -7.4% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 85215 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 23 | -28.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 85215 in April 2024, down by 28.1% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% were sold over asking.
Days on Market for 85215, AZ
How long does it take to sell a home in 85215, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 38 Days | -34.9% |
Summary: Homes in 85215 had an average of 38 days on market in Apr 2024, down by 34.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 23 homes were sold in 85215; 43% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.