Is 85019, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85019 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85019 has remained a Seller's Market.

Key Takeaway

85019 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85019, AZ

How much do homes in 85019, AZ cost?

Median Sold Price

$340,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,550(+4.8%)

Key Takeaway

Homes in 85019 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 85019 was $340,000 in October 2024, up 4.8% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $200K$205K
+2.5%
3 $322K$340K
+5.6%
4 $360.5K$366.4K
+1.7%
5+ $416.5K$389.5K
-6.5%

Summary: 85019 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

85031
+6.4%
85019
+4.8%
85017
+4.8%
85051
+3.9%
85301
+2.3%

Housing Supply in 85019, AZ

How many homes are available in 85019, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6979+14.5%

Summary: The 85019 real estate market had 79 homes for sale in October 2024, a 14.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 811
+37.5%
3 4349
+14.0%
4 1416
+14.3%
5+ 32
-33.3%

Summary: The 85019 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85019, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 85019 in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for 85019, AZ

How long does it take to sell a home in 85019, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days42 Days+43.0%

Summary: Homes in 85019 had an average of 42 days on market in Oct 2024, up by 43% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85019 has remained consistent over time.

Summary: During October 2024, 16 homes were sold in 85019; 25% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

Newest Listings in 85019, AZ

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