Is 85013, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85013 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85013 was a Seller's Market.

Key Takeaway

85013 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 85013, AZ

How much do homes in 85013, AZ cost?

Median Sold Price

$500,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,500(+7.4%)

Key Takeaway

Homes in 85013 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 85013 was $500,000 in October 2024, up 7.4% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $245K$282K
+15.1%
2 $341K$350K
+2.6%
3 $520K$535K
+2.9%
4 $710K$650K
-8.5%
5+ $1.9M$1.1M
-37.9%

Summary: 85013 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 37.9%.

Median Sold Price Compared To Nearby Zip Codes

85003
+16.5%
85013
+7.4%
85012
+6.1%
85015
+2.9%
85004
+1.0%

Housing Supply in 85013, AZ

How many homes are available in 85013, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
88101+14.8%

Summary: The 85013 real estate market had 101 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 68
+33.3%
2 2831
+10.7%
3 2734
+25.9%
4 1921
+10.5%
5+ 87
-12.5%

Summary: The 85013 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85013, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 85013 in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 85013, AZ

How long does it take to sell a home in 85013, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days70 Days+106.2%

Summary: Homes in 85013 had an average of 70 days on market in Oct 2024, up by 106.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85013 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 85013; 19% of homes were sold within 30 days, 50% 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 5 Days Ago

Newest Listings in 85013, AZ

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