Is 85248, 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, 85248 has remained a Seller's Market.
Housing Prices in 85248, AZ
How much do homes in 85248, AZ cost?
Median Sold Price
$545,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85248 was $545,000 in April 2024, up 0.9% 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 | $390K | $385K | -1.3% |
2 Bedrooms | $452.5K | $443.8K | -1.9% |
3 Bedrooms | $565K | $577.5K | +2.2% |
4 Bedrooms | $726.9K | $767.5K | +5.6% |
5+ Bedrooms | $942K | $910K | -3.4% |
Summary: 85248 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in 85248, AZ
How many homes are available in 85248, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
294 | 290 | -1.4% |
Summary: The 85248 real estate market had 290 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 150 | 133 | -11.3% |
3 Bedrooms | 86 | 96 | +11.6% |
4 Bedrooms | 40 | 46 | +15.0% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The 85248 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 90 | +21.6% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in 85248 in April 2024, up by 21.6% month-over-month. Of the 90 sold homes, 61% were sold under asking, 23% were sold at asking, and 16% were sold over asking.
Days on Market for 85248, AZ
How long does it take to sell a home in 85248, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 54 Days | -21.0% |
Summary: Homes in 85248 had an average of 54 days on market in Apr 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in 85248; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.