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 4 Days Ago

Newest Listings in 85209, AZ

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