Is 85034, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85034 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85034 has remained a Seller's Market.

Key Takeaway

85034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85034, AZ

How much do homes in 85034, AZ cost?

Median Sold Price

$285,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+5.4%)

Key Takeaway

Homes in 85034 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 85034 was $285,000 in October 2024, up 5.4% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217K$220.3K
+1.5%
2 $305.5K$308K
+0.8%
3 $347.5K$170.5K
-50.9%
4 $392.4K$479.5K
+22.2%
5+ $440K$550K
+25.0%

Summary: 85034 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 increased by 0.8%, 3 bedroom homes decreased by 50.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.

Median Sold Price Compared To Nearby Zip Codes

85008
+14.4%
85034
+5.4%
85040
+3.4%
85006
+1.8%
85004
+1.0%

Housing Supply in 85034, AZ

How many homes are available in 85034, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2223+4.5%

Summary: The 85034 real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 1312
-7.7%
3 12
+100.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 85034 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85034, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 85034 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 85034, AZ

How long does it take to sell a home in 85034, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days55 Days-18.3%

Summary: Homes in 85034 had an average of 55 days on market in Oct 2024, down by 18.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 85034 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 85034; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in 85034, AZ

Nearby Markets to 85034, AZ