Is 85260, 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, 85260 has remained a Seller's Market.
Housing Prices in 85260, AZ
How much do homes in 85260, AZ cost?
Median Sold Price
$702,504
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85260 was $702,504 in May 2024, up 6.2% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $290K | +5.5% |
2 Bedrooms | $455K | $436.2K | -4.1% |
3 Bedrooms | $670K | $680K | +1.5% |
4 Bedrooms | $1.0M | $1.0M | +3.6% |
5+ Bedrooms | $1.7M | $2.2M | +30.2% |
Summary: 85260 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 30.2%.
Housing Supply in 85260, AZ
How many homes are available in 85260, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
288 | 297 | +3.1% |
Summary: The 85260 real estate market had 297 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 82 | 84 | +2.4% |
3 Bedrooms | 90 | 93 | +3.3% |
4 Bedrooms | 65 | 67 | +3.1% |
5+ Bedrooms | 44 | 44 | 0.0% |
Summary: The 85260 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
55 | 74 | +34.5% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in 85260 in May 2024, up by 34.5% month-over-month. Of the 74 sold homes, 74% were sold under asking, 18% were sold at asking, and 8% were sold over asking.
Days on Market for 85260, AZ
How long does it take to sell a home in 85260, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 61 Days | +10.5% |
Summary: Homes in 85260 had an average of 61 days on market in May 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 74 homes were sold in 85260; 34% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.