Is 85383, 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, 85383 has remained a Seller's Market.
Housing Prices in 85383, AZ
How much do homes in 85383, AZ cost?
Median Sold Price
$671,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85383 was $671,000 in May 2024, up 3.2% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $650K | $639K | -1.7% |
3 Bedrooms | $586.7K | $599K | +2.1% |
4 Bedrooms | $647.9K | $684.5K | +5.6% |
5+ Bedrooms | $775K | $850K | +9.7% |
Summary: 85383 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 1.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 85383, AZ
How many homes are available in 85383, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
519 | 553 | +6.6% |
Summary: The 85383 real estate market had 553 homes for sale in May 2024, a 6.6% 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 | 72 | 70 | -2.8% |
3 Bedrooms | 163 | 172 | +5.5% |
4 Bedrooms | 196 | 217 | +10.7% |
5+ Bedrooms | 88 | 94 | +6.8% |
Summary: The 85383 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 2.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
112 | 123 | +9.8% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in 85383 in May 2024, up by 9.8% month-over-month. Of the 123 sold homes, 62% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for 85383, AZ
How long does it take to sell a home in 85383, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 61 Days | -18.0% |
Summary: Homes in 85383 had an average of 61 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During May 2024, 123 homes were sold in 85383; 37% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.