Is 85132, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85132 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85132 was a Seller's Market.

Key Takeaway

85132 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85132, AZ

How much do homes in 85132, AZ cost?

Median Sold Price

$339,910

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$84(0%)

Key Takeaway

The sold price of homes in 85132 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $126.2K$134.6K
+6.6%
2 $398.4K$395K
-0.9%
3 $313.1K$324.9K
+3.8%
4 $341.9K$347.3K
+1.6%
5+ $395.2K$409.7K
+3.7%

Summary: 85132 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

85143
+2.6%
85132
0%
85128
-1.7%

Housing Supply in 85132, AZ

How many homes are available in 85132, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
311320+2.9%

Summary: The 85132 real estate market had 320 homes for sale in November 2024, a 2.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 74
-42.9%
2 6275
+21.0%
3 119119
0.0%
4 8988
-1.1%
5+ 3434
0.0%

Summary: The 85132 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 21%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4944-10.2%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85132, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in 85132 in November 2024, down by 10.2% month-over-month. Of the 44 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.

Days on Market for 85132, AZ

How long does it take to sell a home in 85132, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days75 Days+42.4%

Summary: Homes in 85132 had an average of 75 days on market in Nov 2024, up by 42.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85132 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 44 homes were sold in 85132; 36% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 34% 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 17 Days Ago

Newest Listings in 85132, AZ

Nearby Markets to 85132, AZ