Is 85260, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85260 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 85260 has remained a Seller's Market.

Key Takeaway

85260 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85260, AZ

How much do homes in 85260, AZ cost?

Median Sold Price

$710,000

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$45,237(+6.8%)

Key Takeaway

Homes in 85260 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 85260 was $710,000 in December 2024, up 6.8% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $285K$290K
+1.8%
2 $449K$445K
-0.9%
3 $642.5K$710K
+10.5%
4 $1.0M$1.0M
-4.8%
5+ $1.7M$2.4M
+39.7%

Summary: 85260 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 39.7%.

Median Sold Price Compared To Nearby Zip Codes

85255
+11.2%
85258
+10.0%
85254
+7.4%
85260
+6.8%
85259
-6.3%

Housing Supply in 85260, AZ

How many homes are available in 85260, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
237226-4.6%

Summary: The 85260 real estate market had 226 homes for sale in December 2024, a 4.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 64
-33.3%
2 7077
+10.0%
3 8377
-7.2%
4 5243
-17.3%
5+ 2625
-3.8%

Summary: The 85260 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 17.3%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
46460.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85260, you may be able to get a good deal. 76.1% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 85260 in December 2024, the same as the previous month. Of the 46 sold homes, 76% were sold under asking, 15% were sold at asking, and 9% were sold over asking.

Days on Market for 85260, AZ

How long does it take to sell a home in 85260, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
59 Days62 Days+5.2%

Summary: Homes in 85260 had an average of 62 days on market in Dec 2024, up by 5.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85260 has remained consistent over time.

Summary: During December 2024, 46 homes were sold in 85260; 30% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 24% 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 6 Days Ago

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