Is 85283, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85283 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85283 has remained a Seller's Market.

Key Takeaway

85283 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85283, AZ

How much do homes in 85283, AZ cost?

Median Sold Price

$484,500

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,500(+6.5%)

Key Takeaway

Homes in 85283 have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in 85283 was $484,500 in October 2024, up 6.5% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217.5K$222.4K
+2.3%
2 $320K$325K
+1.6%
3 $455K$475K
+4.4%
4 $555K$565K
+1.8%
5+ $712.5K$780K
+9.5%

Summary: 85283 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

85202
+10.5%
85283
+6.5%
85044
+6.3%
85282
+5.5%
85284
-1.5%

Housing Supply in 85283, AZ

How many homes are available in 85283, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123127+3.3%

Summary: The 85283 real estate market had 127 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2927
-6.9%
3 5153
+3.9%
4 3741
+10.8%
5+ 66
0.0%

Summary: The 85283 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2536+44.0%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85283, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 85283 in October 2024, up by 44.0% month-over-month. Of the 36 sold homes, 64% were sold under asking, 22% were sold at asking, and 14% were sold over asking.

Days on Market for 85283, AZ

How long does it take to sell a home in 85283, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days54 Days+22.7%

Summary: Homes in 85283 had an average of 54 days on market in Oct 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85283 has remained consistent over time.

Summary: During October 2024, 36 homes were sold in 85283; 36% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 17% 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 85283, AZ

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