Is 85257, 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, 85257 has remained a Seller's Market.
Housing Prices in 85257, AZ
How much do homes in 85257, AZ cost?
Median Sold Price
$575,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85257 was $575,000 in May 2024, up 3.6% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143.4K | $131.5K | -8.3% |
2 Bedrooms | $308K | $315.5K | +2.4% |
3 Bedrooms | $593K | $612.2K | +3.2% |
4 Bedrooms | $701.5K | $685K | -2.4% |
5+ Bedrooms | $724.5K | $772.5K | +6.6% |
Summary: 85257 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 85257, AZ
How many homes are available in 85257, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
171 | 176 | +2.9% |
Summary: The 85257 real estate market had 176 homes for sale in May 2024, a 2.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 38 | 36 | -5.3% |
3 Bedrooms | 71 | 76 | +7.0% |
4 Bedrooms | 50 | 53 | +6.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The 85257 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 47 | +38.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in 85257 in May 2024, up by 38.2% month-over-month. Of the 47 sold homes, 66% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 85257, AZ
How long does it take to sell a home in 85257, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 59 Days | -1.7% |
Summary: Homes in 85257 had an average of 59 days on market in May 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 47 homes were sold in 85257; 45% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.