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 4 Days Ago

Newest Listings in 85282, AZ

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