Is 85259, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85259 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 85259 was a Seller's Market.

Key Takeaway

85259 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 85259, AZ

How much do homes in 85259, AZ cost?

Median Sold Price

$1,055,000

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$70,673(-6.3%)

Key Takeaway

Homes in 85259 have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in 85259 was $1,055,000 in December 2024, down 6.3% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $303K-
N/A
2 $550.5K$490K
-11.0%
3 $864.5K$870K
+0.6%
4 $1.2M$1.2M
-2.7%
5+ $2.0M$1.9M
-7.1%

Summary: 85259 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

85255
+11.2%
85258
+10.0%
85268
+9.8%
85260
+6.8%
85259
-6.3%

Housing Supply in 85259, AZ

How many homes are available in 85259, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
145133-8.3%

Summary: The 85259 real estate market had 133 homes for sale in December 2024, a 8.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2117
-19.0%
3 4746
-2.1%
4 3329
-12.1%
5+ 4340
-7.0%

Summary: The 85259 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3520-42.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85259, you may be able to get a good deal. 85% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 85259 in December 2024, down by 42.9% month-over-month. Of the 20 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.

Days on Market for 85259, AZ

How long does it take to sell a home in 85259, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
76 Days81 Days+5.9%

Summary: Homes in 85259 had an average of 81 days on market in Dec 2024, up by 5.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85259 has remained consistent over time.

Summary: During December 2024, 20 homes were sold in 85259; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 85259, AZ

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