Is 85378, 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, 85378 has remained a Seller's Market.
Housing Prices in 85378, AZ
How much do homes in 85378, AZ cost?
Median Sold Price
$355,500
$255/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85378 was $355,500 in May 2024, down 1.3% from last year, and the median price per square foot was $255.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $165K | 0.0% |
2 Bedrooms | $385K | $357.5K | -7.1% |
3 Bedrooms | $356K | $358.9K | +0.8% |
4 Bedrooms | $405K | $389.5K | -3.8% |
5+ Bedrooms | $447K | $439K | -1.8% |
Summary: 85378 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 85378, AZ
How many homes are available in 85378, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Summary: The 85378 real estate market had 38 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 7 | +250.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 85378 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 85378 in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 85378, AZ
How long does it take to sell a home in 85378, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 67 Days | +60.5% |
Summary: Homes in 85378 had an average of 67 days on market in May 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in 85378; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.