Is 85258, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85258 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85258 has remained a Seller's Market.

Key Takeaway

85258 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85258, AZ

How much do homes in 85258, AZ cost?

Median Sold Price

$843,880

$421/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$72,630(+9.4%)

Key Takeaway

Homes in 85258 have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in 85258 was $843,880 in October 2024, up 9.4% from last year, and the median price per square foot was $421.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $289.4K$295K
+1.9%
2 $550K$625K
+13.6%
3 $800K$878.3K
+9.8%
4 $1.2M$1.3M
+4.2%
5+ $1.7M$1.7M
-0.4%

Summary: 85258 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

85258
+9.4%
85260
+8.0%
85259
+1.5%
85253
-1.7%

Housing Supply in 85258, AZ

How many homes are available in 85258, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
265292+10.2%

Summary: The 85258 real estate market had 292 homes for sale in October 2024, a 10.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1011
+10.0%
2 98119
+21.4%
3 108112
+3.7%
4 4342
-2.3%
5+ 68
+33.3%

Summary: The 85258 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4350+16.3%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85258, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 85258 in October 2024, up by 16.3% month-over-month. Of the 50 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for 85258, AZ

How long does it take to sell a home in 85258, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
68 Days51 Days-24.6%

Summary: Homes in 85258 had an average of 51 days on market in Oct 2024, down by 24.6% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85258 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in 85258; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 20% 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 85258, AZ

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