Is 85173, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85173 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 85173 has remained a Seller's Market.

Key Takeaway

85173 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85173, AZ

How much do homes in 85173, AZ cost?

Median Sold Price

$235,750

$196/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$50,250(-17.6%)

Key Takeaway

Homes in 85173 have sold for 17.6% less than they did a month ago.

Summary: The median home sold price in 85173 was $235,750 in October 2024, down 17.6% from last month, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$215K
N/A
2 $231.4K$260K
+12.4%
3 -$199.9K
N/A
4 $310K$256.5K
-17.3%
5+ --
N/A

Summary: 85173 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes did not change.

Housing Supply in 85173, AZ

How many homes are available in 85173, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
11110.0%

Summary: The 85173 real estate market had 11 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 35
+66.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The 85173 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 decreased by 20%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85173, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 85173 in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 85173, AZ

How long does it take to sell a home in 85173, AZ?

Average Sale Time

Sep 2024Oct 2024CHANGE
59 Days107 Days+81.8%

Summary: Homes in 85173 had an average of 107 days on market in Oct 2024, up by 81.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85173 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 85173; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 85173, AZ

Nearby Markets to 85173, AZ