Is 85050, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85050 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85050 was a Seller's Market.

Key Takeaway

85050 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 85050, AZ

How much do homes in 85050, AZ cost?

Median Sold Price

$625,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$54,597(+9.6%)

Key Takeaway

Homes in 85050 have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in 85050 was $625,000 in November 2024, up 9.6% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $438.9K$450K
+2.5%
3 $538.5K$570K
+5.8%
4 $735K$805K
+9.5%
5+ $1.0M$1.1M
+9.3%

Summary: 85050 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

85054
+13.7%
85050
+9.6%
85024
+9.0%
85032
+4.9%
85254
+4.6%

Housing Supply in 85050, AZ

How many homes are available in 85050, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1271270.0%

Summary: The 85050 real estate market had 127 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1311
-15.4%
3 5864
+10.3%
4 3435
+2.9%
5+ 2217
-22.7%

Summary: The 85050 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 22.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3019-36.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85050, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 85050 in November 2024, down by 36.7% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.

Days on Market for 85050, AZ

How long does it take to sell a home in 85050, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
61 Days43 Days-30.5%

Summary: Homes in 85050 had an average of 43 days on market in Nov 2024, down by 30.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85050 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 85050; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 5% 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 22 Days Ago

Newest Listings in 85050, AZ

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