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 October 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

$458,100

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,100(+1.8%)

Key Takeaway

Homes in 85006 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 85006 was $458,100 in October 2024, up 1.8% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $289.9K$295K
+1.8%
2 $430K$400K
-7.0%
3 $495K$479.5K
-3.1%
4 $485K$537K
+10.7%
5+ $630K$600K
-4.8%

Summary: 85006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

85016
+9.9%
85014
+8.8%
85034
+5.4%
85006
+1.8%
85004
+1.0%

Housing Supply in 85006, AZ

How many homes are available in 85006, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8994+5.6%

Summary: The 85006 real estate market had 94 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 2423
-4.2%
3 4848
0.0%
4 1215
+25.0%
5+ 13
+200.0%

Summary: The 85006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1317+30.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 85006 in October 2024, up by 30.8% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
50 Days91 Days+82.1%

Summary: Homes in 85006 had an average of 91 days on market in Oct 2024, up by 82.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 85006 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 17 homes were sold in 85006; 35% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 47% 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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