Is 85286, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85286 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 85286 has remained a Seller's Market.

Key Takeaway

85286 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85286, AZ

How much do homes in 85286, AZ cost?

Median Sold Price

$605,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+5.2%)

Key Takeaway

Homes in 85286 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 85286 was $605,000 in November 2024, up 5.2% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $429K$410K
-4.4%
3 $510K$520K
+2.0%
4 $625K$665K
+6.4%
5+ $825K$851.7K
+3.2%

Summary: 85286 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

85297
+7.7%
85295
+7.0%
85224
+6.9%
85286
+5.2%
85225
+4.8%

Housing Supply in 85286, AZ

How many homes are available in 85286, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
158130-17.7%

Summary: The 85286 real estate market had 130 homes for sale in November 2024, a 17.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 6552
-20.0%
4 5847
-19.0%
5+ 3229
-9.4%

Summary: The 85286 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 9.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3926-33.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85286, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 85286 in November 2024, down by 33.3% month-over-month. Of the 26 sold homes, 69% were sold under asking, 27% were sold at asking, and 4% were sold over asking.

Days on Market for 85286, AZ

How long does it take to sell a home in 85286, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days51 Days+35.7%

Summary: Homes in 85286 had an average of 51 days on market in Nov 2024, up by 35.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85286 has remained consistent over time.

Summary: During November 2024, 26 homes were sold in 85286; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 19% 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 23 Days Ago

Newest Listings in 85286, AZ

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