Is 85193, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85193 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 85193 has remained a Buyer's Market.

Key Takeaway

85193 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85193, AZ

How much do homes in 85193, AZ cost?

Median Sold Price

$305,740

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$162,010(-34.6%)

Key Takeaway

Homes in 85193 have sold for 34.6% less than they did a year ago.

Summary: The median home sold price in 85193 was $305,740 in October 2024, down 34.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $387.5K$298.2K
-23.0%
4 $510K$306.4K
-39.9%
5+ -$552.5K
N/A

Summary: 85193 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23%, 4 bedroom homes decreased by 39.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85123
+3.4%
85194
+3.3%
85122
-0.8%
85193
-34.6%

Housing Supply in 85193, AZ

How many homes are available in 85193, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1014+40.0%

Summary: The 85193 real estate market had 14 homes for sale in October 2024, a 40.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 812
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 85193 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85193, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 85193 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 85193, AZ

How long does it take to sell a home in 85193, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days170 Days+750.0%

Summary: Homes in 85193 had an average of 170 days on market in Oct 2024, up by 750% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 85193 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in 85193; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 85193, AZ

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