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 5 Days Ago

Newest Listings in 85014, AZ

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