Is 85014, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85014 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 85014 was a Seller's Market.

Key Takeaway

85014 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 85014, AZ

How much do homes in 85014, AZ cost?

Median Sold Price

$500,405

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$25,838(+5.4%)

Key Takeaway

Homes in 85014 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 85014 was $500,405 in December 2024, up 5.4% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $214K$218.7K
+2.2%
2 $350K$366.5K
+4.7%
3 $525.7K$599.9K
+14.1%
4 $767.5K$825K
+7.5%
5+ $887.8K$1.3M
+50.9%

Summary: 85014 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 50.9%.

Median Sold Price Compared To Nearby Zip Codes

85020
+7.7%
85012
+6.0%
85014
+5.4%
85016
+5.3%
85006
0.3%

Housing Supply in 85014, AZ

How many homes are available in 85014, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
153148-3.3%

Summary: The 85014 real estate market had 148 homes for sale in December 2024, a 3.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1515
0.0%
2 5347
-11.3%
3 5050
0.0%
4 2525
0.0%
5+ 1011
+10.0%

Summary: The 85014 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2522-12.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85014, you may be able to get a good deal. 77.3% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 85014 in December 2024, down by 12.0% month-over-month. Of the 22 sold homes, 77% were sold under asking, 18% were sold at asking, and 5% were sold over asking.

Days on Market for 85014, AZ

How long does it take to sell a home in 85014, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
80 Days68 Days-14.9%

Summary: Homes in 85014 had an average of 68 days on market in Dec 2024, down by 14.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85014 has remained consistent over time.

Summary: During December 2024, 22 homes were sold in 85014; 23% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 18% 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 2 Days Ago

Newest Listings in 85014, AZ

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