Is 85202, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85202 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85202 has remained a Seller's Market.

Key Takeaway

85202 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85202, AZ

How much do homes in 85202, AZ cost?

Median Sold Price

$395,592

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,675(+10.5%)

Key Takeaway

Homes in 85202 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 85202 was $395,592 in October 2024, up 10.5% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210.7K$214K
+1.5%
2 $275K$278.5K
+1.3%
3 $412.5K$415K
+0.6%
4 $515K$542.2K
+5.3%
5+ $584K$660K
+13.0%

Summary: 85202 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Zip Codes

85202
+10.5%
85201
+7.8%
85210
+5.6%
85282
+5.5%
85281
+4.7%

Housing Supply in 85202, AZ

How many homes are available in 85202, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
141139-1.4%

Summary: The 85202 real estate market had 139 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 4444
0.0%
3 6665
-1.5%
4 2120
-4.8%
5+ 55
0.0%

Summary: The 85202 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 decreased by 1.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3236+12.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85202, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 85202 in October 2024, up by 12.5% month-over-month. Of the 36 sold homes, 47% were sold under asking, 36% were sold at asking, and 17% were sold over asking.

Days on Market for 85202, AZ

How long does it take to sell a home in 85202, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days68 Days+44.9%

Summary: Homes in 85202 had an average of 68 days on market in Oct 2024, up by 44.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85202 has remained consistent over time.

Summary: During October 2024, 36 homes were sold in 85202; 19% of homes were sold within 30 days, 56% 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 4 Days Ago

Newest Listings in 85202, AZ

Nearby Markets to 85202, AZ