Is 85018, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85018 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85018 has remained a Seller's Market.

Key Takeaway

85018 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85018, AZ

How much do homes in 85018, AZ cost?

Median Sold Price

$1,107,500

$482/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$175,250(+18.8%)

Key Takeaway

Homes in 85018 have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in 85018 was $1,107,500 in October 2024, up 18.8% from last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $262.5K$260K
-1.0%
2 $347.4K$395K
+13.7%
3 $760.6K$805K
+5.8%
4 $1.4M$1.7M
+20.0%
5+ $2.5M$2.3M
-9.7%

Summary: 85018 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Zip Codes

85018
+18.8%
85008
+14.4%
85016
+9.9%
85251
+3.9%
85253
-1.7%

Housing Supply in 85018, AZ

How many homes are available in 85018, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
228273+19.7%

Summary: The 85018 real estate market had 273 homes for sale in October 2024, a 19.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1314
+7.7%
2 3656
+55.6%
3 5564
+16.4%
4 7583
+10.7%
5+ 4956
+14.3%

Summary: The 85018 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 55.6%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3055+83.3%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85018, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 85018 in October 2024, up by 83.3% month-over-month. Of the 55 sold homes, 60% were sold under asking, 18% were sold at asking, and 22% were sold over asking.

Days on Market for 85018, AZ

How long does it take to sell a home in 85018, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days71 Days+1.5%

Summary: Homes in 85018 had an average of 71 days on market in Oct 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85018 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 55 homes were sold in 85018; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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 21 Days Ago

Newest Listings in 85018, AZ

Nearby Markets to 85018, AZ