Is 85020, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85020 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85020 has remained a Seller's Market.

Key Takeaway

85020 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85020, AZ

How much do homes in 85020, AZ cost?

Median Sold Price

$413,897

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,772(+7.5%)

Key Takeaway

Homes in 85020 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 85020 was $413,897 in October 2024, up 7.5% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222.5K$221.5K
-0.4%
2 $307.5K$315K
+2.4%
3 $455K$500K
+9.9%
4 $832.5K$937.5K
+12.6%
5+ $1.4M$1.2M
-11.4%

Summary: 85020 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 11.4%.

Median Sold Price Compared To Nearby Zip Codes

85021
+8.6%
85020
+7.5%
85029
+7.4%
85022
+5.8%
85028
-0.2%

Housing Supply in 85020, AZ

How many homes are available in 85020, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
194217+11.9%

Summary: The 85020 real estate market had 217 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 78
+14.3%
2 6577
+18.5%
3 7680
+5.3%
4 3538
+8.6%
5+ 1114
+27.3%

Summary: The 85020 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3044+46.7%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85020, you may be able to get a good deal. 61.4% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 85020 in October 2024, up by 46.7% month-over-month. Of the 44 sold homes, 61% were sold under asking, 27% were sold at asking, and 11% were sold over asking.

Days on Market for 85020, AZ

How long does it take to sell a home in 85020, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days67 Days+54.9%

Summary: Homes in 85020 had an average of 67 days on market in Oct 2024, up by 54.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85020 has remained consistent over time.

Summary: During October 2024, 44 homes were sold in 85020; 25% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 23% 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 85020, AZ

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