Is 85282, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85282 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85282 has remained a Seller's Market.

Key Takeaway

85282 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85282, AZ

How much do homes in 85282, AZ cost?

Median Sold Price

$450,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,437(+5.5%)

Key Takeaway

Homes in 85282 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 85282 was $450,000 in October 2024, up 5.5% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227K$225K
-0.9%
2 $295K$303.5K
+2.9%
3 $420K$455K
+8.3%
4 $518.7K$540K
+4.1%
5+ $592.4K$624.7K
+5.4%

Summary: 85282 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Zip Codes

85202
+10.5%
85283
+6.5%
85282
+5.5%
85281
+4.7%
85040
+3.4%

Housing Supply in 85282, AZ

How many homes are available in 85282, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
133158+18.8%

Summary: The 85282 real estate market had 158 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 49
+125.0%
2 2627
+3.8%
3 6071
+18.3%
4 3945
+15.4%
5+ 46
+50.0%

Summary: The 85282 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2233+50.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85282, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 85282 in October 2024, up by 50.0% month-over-month. Of the 33 sold homes, 61% were sold under asking, 21% were sold at asking, and 18% were sold over asking.

Days on Market for 85282, AZ

How long does it take to sell a home in 85282, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days43 Days-7.5%

Summary: Homes in 85282 had an average of 43 days on market in Oct 2024, down by 7.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85282 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 33 homes were sold in 85282; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 21 Days Ago

Newest Listings in 85282, AZ

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