Is 85139, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85139 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85139 was a Seller's Market.

Key Takeaway

85139 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85139, AZ

How much do homes in 85139, AZ cost?

Median Sold Price

$362,990

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,090(+6.8%)

Key Takeaway

Homes in 85139 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 85139 was $362,990 in November 2024, up 6.8% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $288.6K$420K
+45.5%
3 $322.7K$334.9K
+3.8%
4 $349K$369.9K
+6.0%
5+ $409.9K$425K
+3.7%

Summary: 85139 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 45.5%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

85139
+6.8%
85339
+6.0%
85138
-0.2%

Housing Supply in 85139, AZ

How many homes are available in 85139, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
144143-0.7%

Summary: The 85139 real estate market had 143 homes for sale in November 2024, a 0.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 6165
+6.6%
4 6360
-4.8%
5+ 1916
-15.8%

Summary: The 85139 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 15.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3420-41.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85139, expect to pay close to the asking price. 55% of homes here sold near the asking price last month.

Summary: A total of 20 homes were sold or pending in 85139 in November 2024, down by 41.2% month-over-month. Of the 20 sold homes, 5% were sold under asking, 55% were sold at asking, and 40% were sold over asking.

Days on Market for 85139, AZ

How long does it take to sell a home in 85139, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days63 Days+5.3%

Summary: Homes in 85139 had an average of 63 days on market in Nov 2024, up by 5.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

11 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 85139 has remained consistent over time.

Summary: During November 2024, 20 homes were sold in 85139; 20% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 25% 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 85139, AZ

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