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 4 Days Ago

Newest Listings in 85250, AZ

Nearby Markets to 85250, AZ