Is 85143, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85143 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85143 was a Seller's Market.

Key Takeaway

85143 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85143, AZ

How much do homes in 85143, AZ cost?

Median Sold Price

$399,999

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,012(+2.6%)

Key Takeaway

Homes in 85143 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 85143 was $399,999 in November 2024, up 2.6% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $410K$445K
+8.5%
3 $352.9K$360.3K
+2.1%
4 $406K$420K
+3.4%
5+ $451.4K$454.9K
+0.8%

Summary: 85143 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 8.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

85140
+3.8%
85142
+2.7%
85143
+2.6%
85132
0%
85118
-2.4%

Housing Supply in 85143, AZ

How many homes are available in 85143, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
336324-3.6%

Summary: The 85143 real estate market had 324 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4638
-17.4%
3 127123
-3.1%
4 127130
+2.4%
5+ 3633
-8.3%

Summary: The 85143 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 17.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7146-35.2%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85143, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 85143 in November 2024, down by 35.2% month-over-month. Of the 46 sold homes, 46% were sold under asking, 46% were sold at asking, and 9% were sold over asking.

Days on Market for 85143, AZ

How long does it take to sell a home in 85143, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days91 Days+38.5%

Summary: Homes in 85143 had an average of 91 days on market in Nov 2024, up by 38.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85143 has remained consistent over time.

Summary: During November 2024, 46 homes were sold in 85143; 26% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 37% 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 85143, AZ

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