Is 85083, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85083 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 85083 has remained a Seller's Market.

Key Takeaway

85083 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85083, AZ

How much do homes in 85083, AZ cost?

Median Sold Price

$616,995

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,005(-0.5%)

Key Takeaway

The sold price of homes in 85083 has remained the same since last year.

Summary: The median home sold price in 85083 was $616,995 in November 2024, down 0.5% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $386.5K$399.9K
+3.5%
3 $512K$500K
-2.3%
4 $648.5K$665K
+2.5%
5+ $737.5K$722.5K
-2.0%

Summary: 85083 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 3.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Zip Codes

85086
+3.4%
85383
+2.0%
85085
+1.9%
85083
-0.5%
85310
-2.5%

Housing Supply in 85083, AZ

How many homes are available in 85083, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
110107-2.7%

Summary: The 85083 real estate market had 107 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 113
-72.7%
3 2630
+15.4%
4 4952
+6.1%
5+ 2422
-8.3%

Summary: The 85083 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 72.7%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85083, you may be able to get a good deal. 76.2% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 85083 in November 2024, up by 5.0% month-over-month. Of the 21 sold homes, 76% were sold under asking, 19% were sold at asking, and 5% were sold over asking.

Days on Market for 85083, AZ

How long does it take to sell a home in 85083, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days62 Days+59.8%

Summary: Homes in 85083 had an average of 62 days on market in Nov 2024, up by 59.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85083 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 21 homes were sold in 85083; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 23 Days Ago

Newest Listings in 85083, AZ

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