Is 85226, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 85226 has remained a Seller's Market.
Housing Prices in 85226, AZ
How much do homes in 85226, AZ cost?
Median Sold Price
$500,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85226 was $500,000 in May 2024, up 4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $264K | N/A |
2 Bedrooms | $383K | $375K | -2.1% |
3 Bedrooms | $465K | $475K | +2.2% |
4 Bedrooms | $596.9K | $602.7K | +1.0% |
5+ Bedrooms | $677.5K | $741.2K | +9.4% |
Summary: 85226 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in 85226, AZ
How many homes are available in 85226, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 98 | +7.7% |
Summary: The 85226 real estate market had 98 homes for sale in May 2024, a 7.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The 85226 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 32 | -13.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 85226 in May 2024, down by 13.5% month-over-month. Of the 32 sold homes, 41% were sold under asking, 38% were sold at asking, and 22% were sold over asking.
Days on Market for 85226, AZ
How long does it take to sell a home in 85226, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 36 Days | -49.8% |
Summary: Homes in 85226 had an average of 36 days on market in May 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 32 homes were sold in 85226; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.