Is 85203, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85203 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85203 has remained a Seller's Market.

Key Takeaway

85203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85203, AZ

How much do homes in 85203, AZ cost?

Median Sold Price

$475,000

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+8.0%)

Key Takeaway

Homes in 85203 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 85203 was $475,000 in October 2024, up 8% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $248.5K$220K
-11.5%
2 $307.5K$320K
+4.1%
3 $430K$450K
+4.7%
4 $549.9K$549.9K
0%
5+ $713K$750K
+5.2%

Summary: 85203 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.2%.

Median Sold Price Compared To Nearby Zip Codes

85203
+8.0%
85201
+7.8%
85213
+7.5%
85204
+0.6%

Housing Supply in 85203, AZ

How many homes are available in 85203, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8487+3.6%

Summary: The 85203 real estate market had 87 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3839
+2.6%
4 3029
-3.3%
5+ 1315
+15.4%

Summary: The 85203 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 increased by 33.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2720-25.9%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85203, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 85203 in October 2024, down by 25.9% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for 85203, AZ

How long does it take to sell a home in 85203, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days47 Days+4.2%

Summary: Homes in 85203 had an average of 47 days on market in Oct 2024, up by 4.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85203 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 85203; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 85203, AZ

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