$3,503 Closing Credit*
$295,000
750 SqFt
1 Bed
•1 Bath
Katie Lambert, Dana M. Wilson, Listing Office: eXp Realty
Is 85048, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 85048 has remained a Seller's Market.
Key Takeaway
85048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 85048, AZ
How much do homes in 85048, AZ cost?
Median Sold Price
$596,633
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$28,633(+5.0%)
Key Takeaway
Homes in 85048 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 85048 was $596,633 in December 2024, up 5% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252K | $239.7K | -4.9% |
| 2 Bedrooms | $311K | $320K | +2.9% |
| 3 Bedrooms | $505K | $520K | +3.0% |
| 4 Bedrooms | $655K | $734.9K | +12.2% |
| 5+ Bedrooms | $785K | $825K | +5.1% |
Summary: 85048 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 85048, AZ
How many homes are available in 85048, AZ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 138 | 121 | -12.3% |
Summary: The 85048 real estate market had 121 homes for sale in December 2024, a 12.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 46 | 41 | -10.9% |
| 4 Bedrooms | 54 | 49 | -9.3% |
| 5+ Bedrooms | 20 | 14 | -30.0% |
Summary: The 85048 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 decreased by 8.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 85048, 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 85048 in December 2024, down by 19.4% month-over-month. Of the 25 sold homes, 56% were sold under asking, 24% were sold at asking, and 20% were sold over asking.
Days on Market for 85048, AZ
How long does it take to sell a home in 85048, AZ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 38 Days | 76 Days | +98.9% |
Summary: Homes in 85048 had an average of 76 days on market in Dec 2024, up by 98.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 85048 has remained consistent over time.
Summary: During December 2024, 25 homes were sold in 85048; 24% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.