Is 85254, 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, 85254 has remained a Seller's Market.
Housing Prices in 85254, AZ
How much do homes in 85254, AZ cost?
Median Sold Price
$800,074
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 85254 was $800,074 in April 2024, down 5.7% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318.5K | $354.5K | +11.3% |
2 Bedrooms | $590K | $539K | -8.6% |
3 Bedrooms | $729.3K | $697K | -4.4% |
4 Bedrooms | $942.5K | $910K | -3.4% |
5+ Bedrooms | $1.2M | $1.2M | +4.8% |
Summary: 85254 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 85254, AZ
How many homes are available in 85254, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
373 | 343 | -8.0% |
Summary: The 85254 real estate market had 343 homes for sale in April 2024, a 8.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 9 | -30.8% |
2 Bedrooms | 50 | 50 | 0.0% |
3 Bedrooms | 104 | 85 | -18.3% |
4 Bedrooms | 137 | 127 | -7.3% |
5+ Bedrooms | 69 | 72 | +4.3% |
Summary: The 85254 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.3%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 91 | -15.0% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in 85254 in April 2024, down by 15.0% month-over-month. Of the 91 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for 85254, AZ
How long does it take to sell a home in 85254, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 58 Days | -7.0% |
Summary: Homes in 85254 had an average of 58 days on market in Apr 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 91 homes were sold in 85254; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.