Is 85004, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85004 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85004 was a Seller's Market.

Key Takeaway

85004 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85004, AZ

How much do homes in 85004, AZ cost?

Median Sold Price

$437,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,499(+1.0%)

Key Takeaway

Homes in 85004 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 85004 was $437,000 in October 2024, up 1% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $390K$337.5K
-13.5%
2 $432.5K$441K
+2.0%
3 $565K$772.2K
+36.7%
4 $269K-
N/A
5+ -$2.2M
N/A

Summary: 85004 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 36.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85003
+16.5%
85012
+6.1%
85034
+5.4%
85006
+1.8%
85004
+1.0%

Housing Supply in 85004, AZ

How many homes are available in 85004, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4147+14.6%

Summary: The 85004 real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 64
-33.3%
2 2730
+11.1%
3 68
+33.3%
4 24
+100.0%
5+ 01
+100.0%

Summary: The 85004 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85004, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 85004 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for 85004, AZ

How long does it take to sell a home in 85004, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days67 Days+14.4%

Summary: Homes in 85004 had an average of 67 days on market in Oct 2024, up by 14.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85004 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 85004; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

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