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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85132 is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

85132 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 85132, AZ

How much do homes in 85132, AZ cost?

Median Sold Price

$339,583

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$583(+0.2%)

Key Takeaway

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

Summary: The median home sold price in 85132 was $339,583 in October 2024, up 0.2% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $128K$133.2K
+4.1%
2 $399.9K$392.5K
-1.9%
3 $313.5K$320.9K
+2.4%
4 $340K$349.4K
+2.8%
5+ $397.9K$406.9K
+2.3%

Summary: 85132 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

85137
+11.9%
85143
+2.6%
85132
0.2%
85128
-1.5%

Housing Supply in 85132, AZ

How many homes are available in 85132, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
311328+5.5%

Summary: The 85132 real estate market had 328 homes for sale in October 2024, a 5.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 58
+60.0%
2 6165
+6.6%
3 124125
+0.8%
4 8895
+8.0%
5+ 3335
+6.1%

Summary: The 85132 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 6.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5952-11.9%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

7 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. 44.2% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 85132 in October 2024, down by 11.9% month-over-month. Of the 52 sold homes, 44% were sold under asking, 42% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
68 Days66 Days-2.6%

Summary: Homes in 85132 had an average of 66 days on market in Oct 2024, down by 2.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85132 has remained consistent over time.

Summary: During October 2024, 52 homes were sold in 85132; 27% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 31% 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 14 Days Ago

Newest Listings in 85132, AZ

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