Is 85206, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85206 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85206 has remained a Seller's Market.

Key Takeaway

85206 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85206, AZ

How much do homes in 85206, AZ cost?

Median Sold Price

$371,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,000(+1.6%)

Key Takeaway

Homes in 85206 have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in 85206 was $371,000 in October 2024, up 1.6% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217.5K$207.5K
-4.6%
2 $335.3K$343K
+2.3%
3 $400K$417K
+4.3%
4 $480K$540K
+12.5%
5+ $528K$875K
+65.7%

Summary: 85206 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 65.7%.

Median Sold Price Compared To Nearby Zip Codes

85209
+4.0%
85234
+2.9%
85205
+2.7%
85206
+1.6%
85204
+0.6%

Housing Supply in 85206, AZ

How many homes are available in 85206, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
139162+16.5%

Summary: The 85206 real estate market had 162 homes for sale in October 2024, a 16.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 6882
+20.6%
3 5055
+10.0%
4 1417
+21.4%
5+ 36
+100.0%

Summary: The 85206 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3036+20.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85206, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 85206 in October 2024, up by 20.0% month-over-month. Of the 36 sold homes, 58% were sold under asking, 22% were sold at asking, and 19% were sold over asking.

Days on Market for 85206, AZ

How long does it take to sell a home in 85206, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days76 Days+91.3%

Summary: Homes in 85206 had an average of 76 days on market in Oct 2024, up by 91.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85206 has remained consistent over time.

Summary: During October 2024, 36 homes were sold in 85206; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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 85206, AZ

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