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 October 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

$505,833

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,833(+8.8%)

Key Takeaway

Homes in 85014 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 85014 was $505,833 in October 2024, up 8.8% from last year, and the median price per square foot was $336.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210.9K$219.9K
+4.2%
2 $325K$366.2K
+12.7%
3 $520K$604.9K
+16.3%
4 $780K$825K
+5.8%
5+ $1.0M$1.1M
+9.3%

Summary: 85014 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

85016
+9.9%
85014
+8.8%
85020
+7.5%
85012
+6.1%
85006
+1.8%

Housing Supply in 85014, AZ

How many homes are available in 85014, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
137152+10.9%

Summary: The 85014 real estate market had 152 homes for sale in October 2024, a 10.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1012
+20.0%
2 4051
+27.5%
3 4850
+4.2%
4 3028
-6.7%
5+ 911
+22.2%

Summary: The 85014 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23230.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were 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. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 85014 in October 2024, the same as the previous month. Of the 23 sold homes, 52% were sold under asking, 17% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
48 Days48 Days0.3%

Summary: Homes in 85014 had an average of 48 days on market in Oct 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 23 homes were sold in 85014; 30% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

Newest Listings in 85014, AZ

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