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 October 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

$444,975

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,225(+4.0%)

Key Takeaway

Homes in 85209 have sold for 4% more than they did a year ago.

Summary: The median home sold price in 85209 was $444,975 in October 2024, up 4% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$285K
+3.6%
2 $365K$389.9K
+6.8%
3 $425.6K$440K
+3.4%
4 $510K$547.2K
+7.3%
5+ $630K$685K
+8.7%

Summary: 85209 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.7%.

Median Sold Price Compared To Nearby Zip Codes

85120
+6.9%
85209
+4.0%
85212
+3.6%
85208
+1.8%
85206
+1.6%

Housing Supply in 85209, AZ

How many homes are available in 85209, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179168-6.1%

Summary: The 85209 real estate market had 168 homes for sale in October 2024, a 6.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 5652
-7.1%
3 7374
+1.4%
4 3933
-15.4%
5+ 87
-12.5%

Summary: The 85209 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4948-2.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

7 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. 58.3% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 85209 in October 2024, down by 2.0% month-over-month. Of the 48 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% 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

Oct 2023Oct 2024CHANGE
48 Days66 Days+38.7%

Summary: Homes in 85209 had an average of 66 days on market in Oct 2024, up by 38.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85209 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 48 homes were sold in 85209; 38% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

Newest Listings in 85209, AZ

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