Is 85249, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85249 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 85249 has remained a Seller's Market.

Key Takeaway

85249 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85249, AZ

How much do homes in 85249, AZ cost?

Median Sold Price

$639,357

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$91(0.0%)

Key Takeaway

The sold price of homes in 85249 has remained the same since last year.

Summary: The median home sold price in 85249 was $639,357 in November 2024, the same as last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $331.5K-
N/A
2 $385K$390K
+1.3%
3 $553K$566.3K
+2.4%
4 $749K$755K
+0.8%
5+ $885K$900K
+1.7%

Summary: 85249 housing prices by bedroom type for November 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 2.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

85298
+7.2%
85286
+5.2%
85248
+3.5%
85249
0.0%

Housing Supply in 85249, AZ

How many homes are available in 85249, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
226225-0.4%

Summary: The 85249 real estate market had 225 homes for sale in November 2024, a 0.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 4540
-11.1%
3 5152
+2.0%
4 7273
+1.4%
5+ 5860
+3.4%

Summary: The 85249 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 3.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5448-11.1%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85249, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 85249 in November 2024, down by 11.1% month-over-month. Of the 48 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.

Days on Market for 85249, AZ

How long does it take to sell a home in 85249, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days61 Days+39.8%

Summary: Homes in 85249 had an average of 61 days on market in Nov 2024, up by 39.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85249 has remained consistent over time.

Summary: During November 2024, 48 homes were sold in 85249; 21% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 19% 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 10 Days Ago

Newest Listings in 85249, AZ

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