Is 85215, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85215 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85215 has remained a Seller's Market.

Key Takeaway

85215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85215, AZ

How much do homes in 85215, AZ cost?

Median Sold Price

$521,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,333(+6.0%)

Key Takeaway

Homes in 85215 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 85215 was $521,000 in October 2024, up 6% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$190K
N/A
2 $375K$379.9K
+1.3%
3 $495K$513.5K
+3.7%
4 $610K$650.3K
+6.6%
5+ $965.4K$960K
-0.6%

Summary: 85215 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 0.6%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 85215, AZ

How many homes are available in 85215, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119123+3.4%

Summary: The 85215 real estate market had 123 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3142
+35.5%
3 5650
-10.7%
4 2121
0.0%
5+ 98
-11.1%

Summary: The 85215 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2527+8.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85215, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 85215 in October 2024, up by 8.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 37% were sold at asking, and 0% were sold over asking.

Days on Market for 85215, AZ

How long does it take to sell a home in 85215, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days52 Days+34.3%

Summary: Homes in 85215 had an average of 52 days on market in Oct 2024, up by 34.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85215 has remained consistent over time.

Summary: During October 2024, 27 homes were sold in 85215; 37% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 15% 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 85215, AZ

Nearby Markets to 85215, AZ