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 October 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

$607,666

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,950(+6.1%)

Key Takeaway

Homes in 85286 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 85286 was $607,666 in October 2024, up 6.1% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $429K$409K
-4.7%
3 $513K$525K
+2.3%
4 $625K$665K
+6.4%
5+ $818.5K$870K
+6.3%

Summary: 85286 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

85224
+9.0%
85297
+8.5%
85295
+7.7%
85286
+6.1%
85225
+5.6%

Housing Supply in 85286, AZ

How many homes are available in 85286, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148158+6.8%

Summary: The 85286 real estate market had 158 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 6163
+3.3%
4 5356
+5.7%
5+ 3135
+12.9%

Summary: The 85286 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 increased by 33.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2939+34.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were 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 39 homes were sold or pending in 85286 in October 2024, up by 34.5% month-over-month. Of the 39 sold homes, 69% were sold under asking, 18% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
60 Days46 Days-22.5%

Summary: Homes in 85286 had an average of 46 days on market in Oct 2024, down by 22.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85286 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 39 homes were sold in 85286; 46% of homes were sold within 30 days, 36% 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 85286, AZ

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