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 4 Days Ago

Newest Listings in 85258, AZ

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