$5,807 Closing Credit*
$489,000
Michelle Senden, Listing Office: American Realty Brokers
Is 85007, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 85007 has remained a Neutral Market.
Key Takeaway
85007 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 85007, AZ
How much do homes in 85007, AZ cost?
Median Sold Price
$497,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$51,250(-9.3%)
Key Takeaway
Homes in 85007 have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in 85007 was $497,000 in October 2024, down 9.3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.4K | $330K | +28.2% |
| 2 Bedrooms | $415K | $415K | 0.0% |
| 3 Bedrooms | $585K | $516.5K | -11.7% |
| 4 Bedrooms | $685K | $648.5K | -5.3% |
| 5+ Bedrooms | $1.7M | $850K | -52.2% |
Summary: 85007 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 52.2%.
Housing Supply in 85007, AZ
How many homes are available in 85007, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 46 | +12.2% |
Summary: The 85007 real estate market had 46 homes for sale in October 2024, a 12.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 85007 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 10%, 3 bedroom homes increased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 85007, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 85007 in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 85007, AZ
How long does it take to sell a home in 85007, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 49 Days | -43.5% |
Summary: Homes in 85007 had an average of 49 days on market in Oct 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 85007 has remained consistent over time.
Summary: During October 2024, 7 homes were sold in 85007; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.