Is 85209, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85209 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 85209 has remained a Seller's Market.

Key Takeaway

85209 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85209, AZ

How much do homes in 85209, AZ cost?

Median Sold Price

$448,200

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$23,000(+5.4%)

Key Takeaway

Homes in 85209 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 85209 was $448,200 in December 2024, up 5.4% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $277.5K$300K
+8.1%
2 $365K$390K
+6.8%
3 $425.3K$444K
+4.4%
4 $520K$542.5K
+4.3%
5+ $645K$669.9K
+3.9%

Summary: 85209 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

85120
+5.7%
85209
+5.4%
85212
+3.5%
85208
+2.1%
85206
+1.0%

Housing Supply in 85209, AZ

How many homes are available in 85209, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
175158-9.7%

Summary: The 85209 real estate market had 158 homes for sale in December 2024, a 9.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 34
+33.3%
2 5454
0.0%
3 8067
-16.3%
4 3126
-16.1%
5+ 77
0.0%

Summary: The 85209 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4032-20.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85209, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 85209 in December 2024, down by 20.0% month-over-month. Of the 32 sold homes, 66% were sold under asking, 25% were sold at asking, and 9% were sold over asking.

Days on Market for 85209, AZ

How long does it take to sell a home in 85209, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
37 Days47 Days+26.5%

Summary: Homes in 85209 had an average of 47 days on market in Dec 2024, up by 26.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85209 has remained consistent over time.

Summary: During December 2024, 32 homes were sold in 85209; 31% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 9% 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 2 Days Ago

Newest Listings in 85209, AZ

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