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 5 Days Ago

Newest Listings in 85020, AZ

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