Is 85250, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85250 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85250 has remained a Seller's Market.

Key Takeaway

85250 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85250, AZ

How much do homes in 85250, AZ cost?

Median Sold Price

$600,000

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,529(+4.3%)

Key Takeaway

Homes in 85250 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 85250 was $600,000 in October 2024, up 4.3% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $283.5K$269.5K
-4.9%
2 $440K$470K
+6.8%
3 $643.5K$697.5K
+8.4%
4 $870K$869.5K
-0.1%
5+ $1.4M$1.9M
+27.1%

Summary: 85250 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 27.1%.

Median Sold Price Compared To Nearby Zip Codes

85258
+9.4%
85250
+4.3%
85251
+3.9%
85253
-1.7%

Housing Supply in 85250, AZ

How many homes are available in 85250, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
163178+9.2%

Summary: The 85250 real estate market had 178 homes for sale in October 2024, a 9.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1411
-21.4%
2 5463
+16.7%
3 5563
+14.5%
4 3333
0.0%
5+ 78
+14.3%

Summary: The 85250 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 14.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2435+45.8%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85250, you may be able to get a good deal. 82.9% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 85250 in October 2024, up by 45.8% month-over-month. Of the 35 sold homes, 83% were sold under asking, 14% were sold at asking, and 3% were sold over asking.

Days on Market for 85250, AZ

How long does it take to sell a home in 85250, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days83 Days+51.4%

Summary: Homes in 85250 had an average of 83 days on market in Oct 2024, up by 51.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85250 has remained consistent over time.

Summary: During October 2024, 35 homes were sold in 85250; 20% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 34% 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 24 Days Ago

Newest Listings in 85250, AZ

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