Is 85375, 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, 85375 has remained a Seller's Market.
Housing Prices in 85375, AZ
How much do homes in 85375, AZ cost?
Median Sold Price
$379,989
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85375 was $379,989 in May 2024, down 3.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222K | $218.2K | -1.7% |
2 Bedrooms | $370K | $365K | -1.4% |
3 Bedrooms | $490.1K | $475K | -3.1% |
4 Bedrooms | $580K | $504K | -13.1% |
5+ Bedrooms | $586.2K | $540K | -7.9% |
Summary: 85375 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 7.9%.
Housing Supply in 85375, AZ
How many homes are available in 85375, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
500 | 463 | -7.4% |
Summary: The 85375 real estate market had 463 homes for sale in May 2024, a 7.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 15 | 0.0% |
2 Bedrooms | 340 | 313 | -7.9% |
3 Bedrooms | 124 | 117 | -5.6% |
4 Bedrooms | 19 | 16 | -15.8% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 85375 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 7.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 123 | -0.8% |
Asking Price vs. Sold Price
79 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in 85375 in May 2024, down by 0.8% month-over-month. Of the 123 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for 85375, AZ
How long does it take to sell a home in 85375, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 53 Days | -19.7% |
Summary: Homes in 85375 had an average of 53 days on market in May 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 123 homes were sold in 85375; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.