Is 85283, 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, 85283 has remained a Seller's Market.
Housing Prices in 85283, AZ
How much do homes in 85283, AZ cost?
Median Sold Price
$484,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85283 was $484,000 in April 2024, up 5.7% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $220K | +3.5% |
2 Bedrooms | $318.5K | $355K | +11.5% |
3 Bedrooms | $459.9K | $475K | +3.3% |
4 Bedrooms | $580K | $562.5K | -3.0% |
5+ Bedrooms | $643K | $766K | +19.1% |
Summary: 85283 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 19.1%.
Housing Supply in 85283, AZ
How many homes are available in 85283, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 105 | +4.0% |
Summary: The 85283 real estate market had 105 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 41 | 41 | 0.0% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 85283 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 33 | +22.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in 85283 in April 2024, up by 22.2% month-over-month. Of the 33 sold homes, 52% were sold under asking, 33% were sold at asking, and 15% were sold over asking.
Days on Market for 85283, AZ
How long does it take to sell a home in 85283, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
64 Days | 35 Days | -45.6% |
Summary: Homes in 85283 had an average of 35 days on market in Apr 2024, down by 45.6% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in 85283; 48% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.