Is 85205, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85205 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85205 has remained a Seller's Market.

Key Takeaway

85205 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85205, AZ

How much do homes in 85205, AZ cost?

Median Sold Price

$380,000

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,050(+2.7%)

Key Takeaway

Homes in 85205 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 85205 was $380,000 in October 2024, up 2.7% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $208K$196K
-5.8%
2 $299.9K$312.7K
+4.3%
3 $399.6K$415K
+3.8%
4 $518.4K$539K
+4.0%
5+ $760K$985K
+29.6%

Summary: 85205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 29.6%.

Median Sold Price Compared To Nearby Zip Codes

85207
+20.9%
85213
+7.5%
85215
+6.0%
85205
+2.7%
85206
+1.6%

Housing Supply in 85205, AZ

How many homes are available in 85205, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
169194+14.8%

Summary: The 85205 real estate market had 194 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 6174
+21.3%
3 5764
+12.3%
4 2834
+21.4%
5+ 2018
-10.0%

Summary: The 85205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3453+55.9%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85205, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in 85205 in October 2024, up by 55.9% month-over-month. Of the 53 sold homes, 51% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 85205, AZ

How long does it take to sell a home in 85205, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days43 Days+55.1%

Summary: Homes in 85205 had an average of 43 days on market in Oct 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85205 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 53 homes were sold in 85205; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% 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 85205, AZ

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