Is 85006, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85006 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 85006 has remained a Seller's Market.

Key Takeaway

85006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85006, AZ

How much do homes in 85006, AZ cost?

Median Sold Price

$459,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,000(+2.0%)

Key Takeaway

Homes in 85006 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 85006 was $459,000 in November 2024, up 2% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $297.4K$295K
-0.8%
2 $429.9K$395K
-8.1%
3 $491K$482.5K
-1.7%
4 $515K$542.9K
+5.4%
5+ $647.5K$652.5K
+0.8%

Summary: 85006 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

85016
+10.5%
85014
+7.5%
85006
+2.0%
85004
+1.4%

Housing Supply in 85006, AZ

How many homes are available in 85006, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86860.0%

Summary: The 85006 real estate market had 86 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 2119
-9.5%
3 4446
+4.5%
4 1415
+7.1%
5+ 22
0.0%

Summary: The 85006 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85006, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 85006 in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for 85006, AZ

How long does it take to sell a home in 85006, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days71 Days+29.7%

Summary: Homes in 85006 had an average of 71 days on market in Nov 2024, up by 29.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85006 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 16 homes were sold in 85006; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% 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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