Is 85204, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85204 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85204 has remained a Seller's Market.

Key Takeaway

85204 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85204, AZ

How much do homes in 85204, AZ cost?

Median Sold Price

$402,586

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,586(+0.6%)

Key Takeaway

Homes in 85204 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 85204 was $402,586 in October 2024, up 0.6% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$269K
+12.1%
2 $327.5K$327.5K
0.0%
3 $400K$401.9K
0.5%
4 $445K$455.5K
+2.4%
5+ $531.2K$580K
+9.2%

Summary: 85204 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Zip Codes

85203
+8.0%
85213
+7.5%
85234
+2.9%
85206
+1.6%
85204
+0.6%

Housing Supply in 85204, AZ

How many homes are available in 85204, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125136+8.8%

Summary: The 85204 real estate market had 136 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2224
+9.1%
3 6273
+17.7%
4 3431
-8.8%
5+ 78
+14.3%

Summary: The 85204 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 9.1%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2946+58.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85204, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.

Summary: A total of 46 homes were sold or pending in 85204 in October 2024, up by 58.6% month-over-month. Of the 46 sold homes, 39% were sold under asking, 41% were sold at asking, and 20% were sold over asking.

Days on Market for 85204, AZ

How long does it take to sell a home in 85204, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days50 Days+45.0%

Summary: Homes in 85204 had an average of 50 days on market in Oct 2024, up by 45% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85204 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 85204; 41% of homes were sold within 30 days, 39% 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 22 Days Ago

Newest Listings in 85204, AZ

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