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 October 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

$461,666

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,666(+8.6%)

Key Takeaway

Homes in 85021 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 85021 was $461,666 in October 2024, up 8.6% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $162.5K$165K
+1.5%
2 $290K$263K
-9.3%
3 $407K$447.5K
+10.0%
4 $809K$835K
+3.2%
5+ $1.2M$1.0M
-8.9%

Summary: 85021 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Zip Codes

85021
+8.6%
85020
+7.5%
85029
+7.4%
85013
+7.4%
85051
+3.9%

Housing Supply in 85021, AZ

How many homes are available in 85021, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121125+3.3%

Summary: The 85021 real estate market had 125 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2323
0.0%
3 5457
+5.6%
4 3533
-5.7%
5+ 79
+28.6%

Summary: The 85021 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2825-10.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 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. 64% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 85021 in October 2024, down by 10.7% month-over-month. Of the 25 sold homes, 64% were sold under asking, 12% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
25 Days70 Days+173.3%

Summary: Homes in 85021 had an average of 70 days on market in Oct 2024, up by 173.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

6 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 October 2024, 25 homes were sold in 85021; 24% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 24% 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 85021, AZ

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