Is 85021, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85021 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 85021 has remained a Seller's Market.

Key Takeaway

85021 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85021, AZ

How much do homes in 85021, AZ cost?

Median Sold Price

$450,000

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,500(+5.3%)

Key Takeaway

Homes in 85021 have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in 85021 was $450,000 in December 2024, up 5.3% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $165.5K$165K
-0.3%
2 $300K$250K
-16.7%
3 $410K$450K
+9.8%
4 $820K$835K
+1.8%
5+ $1.1M$1.2M
+9.6%

Summary: 85021 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Zip Codes

85020
+7.7%
85013
+7.4%
85029
+5.6%
85021
+5.3%
85051
+4.4%

Housing Supply in 85021, AZ

How many homes are available in 85021, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
103107+3.9%

Summary: The 85021 real estate market had 107 homes for sale in December 2024, a 3.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 2222
0.0%
3 4546
+2.2%
4 2730
+11.1%
5+ 77
0.0%

Summary: The 85021 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
925+177.8%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85021, you may be able to get a good deal. 56% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 85021 in December 2024, up by 177.8% month-over-month. Of the 25 sold homes, 56% were sold under asking, 32% were sold at asking, and 12% were sold over asking.

Days on Market for 85021, AZ

How long does it take to sell a home in 85021, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days82 Days+76.4%

Summary: Homes in 85021 had an average of 82 days on market in Dec 2024, up by 76.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85021 has remained consistent over time.

Summary: During December 2024, 25 homes were sold in 85021; 16% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 28% 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 2 Days Ago

Newest Listings in 85021, AZ

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