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 4 Days Ago

Newest Listings in 85204, AZ

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