Is 85253, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 85253 was a Seller's Market.
Housing Prices in 85253, AZ
How much do homes in 85253, AZ cost?
Median Sold Price
$3,192,333
$726/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85253 was $3,192,333 in May 2024, up 3.9% from last year, and the median price per square foot was $726.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269.5K | $285.5K | +6.0% |
2 Bedrooms | $455K | $591K | +29.9% |
3 Bedrooms | $2.2M | $2.5M | +15.9% |
4 Bedrooms | $2.7M | $3.1M | +12.3% |
5+ Bedrooms | $4.5M | $4.9M | +10.6% |
Summary: 85253 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 29.9%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 10.6%.
Housing Supply in 85253, AZ
How many homes are available in 85253, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
262 | 254 | -3.1% |
Summary: The 85253 real estate market had 254 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 15 | 12 | -20.0% |
3 Bedrooms | 35 | 29 | -17.1% |
4 Bedrooms | 70 | 73 | +4.3% |
5+ Bedrooms | 136 | 135 | -0.7% |
Summary: The 85253 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 17.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 0.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 38 | -11.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in 85253 in May 2024, down by 11.6% month-over-month. Of the 38 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% were sold over asking.
Days on Market for 85253, AZ
How long does it take to sell a home in 85253, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
95 Days | 103 Days | +8.1% |
Summary: Homes in 85253 had an average of 103 days on market in May 2024, up by 8.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in 85253; 21% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.