Is 85331, 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, 85331 has remained a Seller's Market.
Housing Prices in 85331, AZ
How much do homes in 85331, AZ cost?
Median Sold Price
$819,333
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85331 was $819,333 in April 2024, up 2.4% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $282.4K | -0.9% |
2 Bedrooms | $548.8K | $562.5K | +2.5% |
3 Bedrooms | $699.9K | $750K | +7.2% |
4 Bedrooms | $950K | $973.5K | +2.5% |
5+ Bedrooms | $1.2M | $1.3M | +8.3% |
Summary: 85331 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 85331, AZ
How many homes are available in 85331, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
320 | 329 | +2.8% |
Summary: The 85331 real estate market had 329 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 41 | 41 | 0.0% |
3 Bedrooms | 109 | 115 | +5.5% |
4 Bedrooms | 116 | 118 | +1.7% |
5+ Bedrooms | 52 | 51 | -1.9% |
Summary: The 85331 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 increased by 5.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 59 | +11.3% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in 85331 in April 2024, up by 11.3% month-over-month. Of the 59 sold homes, 76% were sold under asking, 20% were sold at asking, and 3% were sold over asking.
Days on Market for 85331, AZ
How long does it take to sell a home in 85331, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 96 Days | +48.3% |
Summary: Homes in 85331 had an average of 96 days on market in Apr 2024, up by 48.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 59 homes were sold in 85331; 29% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.