Is 85255, 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, 85255 has remained a Seller's Market.
Housing Prices in 85255, AZ
How much do homes in 85255, AZ cost?
Median Sold Price
$1,316,991
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85255 was $1,316,991 in May 2024, up 13.7% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $330K | +1.5% |
2 Bedrooms | $650K | $675K | +3.8% |
3 Bedrooms | $960K | $1.0M | +4.2% |
4 Bedrooms | $1.5M | $1.6M | +8.8% |
5+ Bedrooms | $2.7M | $2.7M | -1.8% |
Summary: 85255 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 85255, AZ
How many homes are available in 85255, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
521 | 525 | +0.8% |
Summary: The 85255 real estate market had 525 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 51 | 53 | +3.9% |
3 Bedrooms | 165 | 163 | -1.2% |
4 Bedrooms | 174 | 173 | -0.6% |
5+ Bedrooms | 121 | 125 | +3.3% |
Summary: The 85255 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 3.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
114 | 102 | -10.5% |
Asking Price vs. Sold Price
80 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 102 homes were sold or pending in 85255 in May 2024, down by 10.5% month-over-month. Of the 102 sold homes, 78% were sold under asking, 16% were sold at asking, and 6% were sold over asking.
Days on Market for 85255, AZ
How long does it take to sell a home in 85255, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 72 Days | -2.2% |
Summary: Homes in 85255 had an average of 72 days on market in May 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During May 2024, 102 homes were sold in 85255; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.