Is 85281, 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, 85281 has remained a Seller's Market.
Housing Prices in 85281, AZ
How much do homes in 85281, AZ cost?
Median Sold Price
$426,875
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85281 was $426,875 in April 2024, up 2.9% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $285.5K | +9.8% |
2 Bedrooms | $355K | $382.7K | +7.8% |
3 Bedrooms | $450K | $452.5K | +0.6% |
4 Bedrooms | $498K | $520K | +4.4% |
5+ Bedrooms | $650K | $567.5K | -12.7% |
Summary: 85281 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 12.7%.
Housing Supply in 85281, AZ
How many homes are available in 85281, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 127 | +18.7% |
Summary: The 85281 real estate market had 127 homes for sale in April 2024, a 18.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 46 | 50 | +8.7% |
3 Bedrooms | 35 | 48 | +37.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 85281 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 37.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 33 | +65.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 85281 in April 2024, up by 65.0% month-over-month. Of the 33 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% were sold over asking.
Days on Market for 85281, AZ
How long does it take to sell a home in 85281, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 42 Days | -29.2% |
Summary: Homes in 85281 had an average of 42 days on market in Apr 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 85281; 55% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.