Is 85086, 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, 85086 has remained a Seller's Market.
Housing Prices in 85086, AZ
How much do homes in 85086, AZ cost?
Median Sold Price
$610,100
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 85086 was $610,100 in May 2024, up 4.9% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $585K | N/A |
2 Bedrooms | $462.5K | $445K | -3.8% |
3 Bedrooms | $520K | $545K | +4.8% |
4 Bedrooms | $675K | $715K | +5.9% |
5+ Bedrooms | $750K | $787.5K | +5.0% |
Summary: 85086 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 3.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 5%.
Housing Supply in 85086, AZ
How many homes are available in 85086, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
314 | 314 | 0.0% |
Summary: The 85086 real estate market had 314 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 112 | 111 | -0.9% |
4 Bedrooms | 125 | 131 | +4.8% |
5+ Bedrooms | 47 | 42 | -10.6% |
Summary: The 85086 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 10.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
71 | 70 | -1.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in 85086 in May 2024, down by 1.4% month-over-month. Of the 70 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.
Days on Market for 85086, AZ
How long does it take to sell a home in 85086, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 58 Days | -1.4% |
Summary: Homes in 85086 had an average of 58 days on market in May 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During May 2024, 70 homes were sold in 85086; 36% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.