Is 85255, 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, 85255 has remained a Seller's Market.
Housing Prices in 85255, AZ
How much do homes in 85255, AZ cost?
Median Sold Price
$1,300,060
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85255 was $1,300,060 in April 2024, up 15.4% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $330.7K | 0.2% |
2 Bedrooms | $675K | $666K | -1.3% |
3 Bedrooms | $951K | $999K | +5.0% |
4 Bedrooms | $1.4M | $1.6M | +17.0% |
5+ Bedrooms | $2.7M | $2.6M | -7.0% |
Summary: 85255 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 85255, AZ
How many homes are available in 85255, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
542 | 563 | +3.9% |
Summary: The 85255 real estate market had 563 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 11 | +22.2% |
2 Bedrooms | 56 | 53 | -5.4% |
3 Bedrooms | 172 | 181 | +5.2% |
4 Bedrooms | 186 | 188 | +1.1% |
5+ Bedrooms | 119 | 130 | +9.2% |
Summary: The 85255 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 111 | +9.9% |
Asking Price vs. Sold Price
85 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in 85255 in April 2024, up by 9.9% month-over-month. Of the 111 sold homes, 77% were sold under asking, 11% were sold at asking, and 13% were sold over asking.
Days on Market for 85255, AZ
How long does it take to sell a home in 85255, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 86 Days | +13.4% |
Summary: Homes in 85255 had an average of 86 days on market in Apr 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
39 Homes Were Sold
Over 90 Days
Summary: During April 2024, 111 homes were sold in 85255; 30% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.