$4,869 Closing Credit*
$410,000
999 SqFt
2 Beds
•2 Baths
Phillip Andre' Williams, Listing Office: eXp Realty
Is 85016, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 85016 has remained a Buyer's Market.
Key Takeaway
85016 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 85016, AZ
How much do homes in 85016, AZ cost?
Median Sold Price
$591,166
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,166(+10.5%)
Key Takeaway
Homes in 85016 have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in 85016 was $591,166 in November 2024, up 10.5% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.2K | $260K | -4.5% |
| 2 Bedrooms | $384.9K | $431K | +12.0% |
| 3 Bedrooms | $630K | $641.2K | +1.8% |
| 4 Bedrooms | $865K | $965K | +11.6% |
| 5+ Bedrooms | $815K | $1.6M | +96.3% |
Summary: 85016 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 96.3%.
Housing Supply in 85016, AZ
How many homes are available in 85016, AZ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 223 | 264 | +18.4% |
Summary: The 85016 real estate market had 264 homes for sale in November 2024, a 18.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 69 | 86 | +24.6% |
| 3 Bedrooms | 79 | 89 | +12.7% |
| 4 Bedrooms | 33 | 42 | +27.3% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The 85016 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 85016, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 85016 in November 2024, up by 52.4% month-over-month. Of the 32 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.
Days on Market for 85016, AZ
How long does it take to sell a home in 85016, AZ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 75 Days | +49.2% |
Summary: Homes in 85016 had an average of 75 days on market in Nov 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 85016 has remained consistent over time.
Summary: During November 2024, 32 homes were sold in 85016; 16% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 31% 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.