Is 85257, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85257 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85257 was a Seller's Market.

Key Takeaway

85257 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 85257, AZ

How much do homes in 85257, AZ cost?

Median Sold Price

$590,000

$361/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+5.4%)

Key Takeaway

Homes in 85257 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 85257 was $590,000 in October 2024, up 5.4% from last year, and the median price per square foot was $361.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $144.9K$128K
-11.7%
2 $295K$325K
+10.2%
3 $590K$607.8K
+3.0%
4 $700K$693K
-1.0%
5+ $725K$817K
+12.7%

Summary: 85257 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

85018
+18.8%
85257
+5.4%
85281
+4.7%
85251
+3.9%

Housing Supply in 85257, AZ

How many homes are available in 85257, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
160177+10.6%

Summary: The 85257 real estate market had 177 homes for sale in October 2024, a 10.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 3437
+8.8%
3 7882
+5.1%
4 3543
+22.9%
5+ 44
0.0%

Summary: The 85257 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27270.0%

Asking Price vs. Sold Price

21 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 85257, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 85257 in October 2024, the same as the previous month. Of the 27 sold homes, 78% were sold under asking, 19% were sold at asking, and 4% were sold over asking.

Days on Market for 85257, AZ

How long does it take to sell a home in 85257, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
43 Days70 Days+61.7%

Summary: Homes in 85257 had an average of 70 days on market in Oct 2024, up by 61.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85257 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 27 homes were sold in 85257; 41% of homes were sold within 30 days, 26% 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

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