Is 85308, 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, 85308 has remained a Seller's Market.
Housing Prices in 85308, AZ
How much do homes in 85308, AZ cost?
Median Sold Price
$488,625
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85308 was $488,625 in May 2024, up 1.2% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $295K | -14.5% |
2 Bedrooms | $343K | $355K | +3.5% |
3 Bedrooms | $440K | $443.9K | +0.9% |
4 Bedrooms | $565K | $575.5K | +1.9% |
5+ Bedrooms | $717.5K | $705.7K | -1.6% |
Summary: 85308 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 85308, AZ
How many homes are available in 85308, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
250 | 252 | +0.8% |
Summary: The 85308 real estate market had 252 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 | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 127 | 127 | 0.0% |
4 Bedrooms | 84 | 83 | -1.2% |
5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The 85308 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 63 | -14.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in 85308 in May 2024, down by 14.9% month-over-month. Of the 63 sold homes, 49% were sold under asking, 30% were sold at asking, and 21% were sold over asking.
Days on Market for 85308, AZ
How long does it take to sell a home in 85308, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 41 Days | -25.2% |
Summary: Homes in 85308 had an average of 41 days on market in May 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 63 homes were sold in 85308; 40% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.