Is 85003, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85003 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85003 was a Seller's Market.

Key Takeaway

85003 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85003, AZ

How much do homes in 85003, AZ cost?

Median Sold Price

$740,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$105,000(+16.5%)

Key Takeaway

Homes in 85003 have sold for 16.5% more than they did a year ago.

Summary: The median home sold price in 85003 was $740,000 in October 2024, up 16.5% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$345K
-4.2%
2 $646.2K$693.5K
+7.3%
3 $795K$804.2K
+1.2%
4 $970K$915K
-5.7%
5+ $796K$972.7K
+22.2%

Summary: 85003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 22.2%.

Median Sold Price Compared To Nearby Zip Codes

85003
+16.5%
85013
+7.4%
85004
+1.0%
85007
-9.3%

Housing Supply in 85003, AZ

How many homes are available in 85003, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3238+18.8%

Summary: The 85003 real estate market had 38 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 1114
+27.3%
3 1216
+33.3%
4 11
0.0%
5+ 32
-33.3%

Summary: The 85003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85003, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 85003 in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 85003, AZ

How long does it take to sell a home in 85003, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days80 Days-16.0%

Summary: Homes in 85003 had an average of 80 days on market in Oct 2024, down by 16% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85003 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 85003; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 85003, AZ

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