Is 85131, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85131 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85131 was a Seller's Market.

Key Takeaway

85131 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85131, AZ

How much do homes in 85131, AZ cost?

Median Sold Price

$311,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,300(+12.4%)

Key Takeaway

Homes in 85131 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 85131 was $311,000 in October 2024, up 12.4% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$70K
N/A
2 $430K$400K
-7.0%
3 $249.9K$255K
+2.0%
4 $248.4K$272.9K
+9.9%
5+ $290K-
N/A

Summary: 85131 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85131
+12.4%
85123
+3.4%
85194
+3.3%

Housing Supply in 85131, AZ

How many homes are available in 85131, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
100130+30.0%

Summary: The 85131 real estate market had 130 homes for sale in October 2024, a 30.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 4763
+34.0%
3 4252
+23.8%
4 1115
+36.4%
5+ 00
0.0%

Summary: The 85131 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85131, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 85131 in October 2024, up by 44.4% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.

Days on Market for 85131, AZ

How long does it take to sell a home in 85131, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days89 Days+59.0%

Summary: Homes in 85131 had an average of 89 days on market in Oct 2024, up by 59% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85131 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 85131; 23% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 21 Days Ago

Newest Listings in 85131, AZ

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