Is 85295, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85295 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85295 has remained a Seller's Market.

Key Takeaway

85295 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85295, AZ

How much do homes in 85295, AZ cost?

Median Sold Price

$557,000

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,050(+7.7%)

Key Takeaway

Homes in 85295 have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in 85295 was $557,000 in October 2024, up 7.7% from last year, and the median price per square foot was $271.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $400K$401K
0.3%
3 $473.5K$488K
+3.1%
4 $570K$640.6K
+12.4%
5+ $835K$820K
-1.8%

Summary: 85295 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 increased by 0.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Zip Codes

85297
+8.5%
85295
+7.7%
85233
+6.1%
85225
+5.6%
85296
+5.4%

Housing Supply in 85295, AZ

How many homes are available in 85295, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
211203-3.8%

Summary: The 85295 real estate market had 203 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 10095
-5.0%
4 6561
-6.2%
5+ 3533
-5.7%

Summary: The 85295 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 27.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes decreased by 5.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5259+13.5%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85295, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in 85295 in October 2024, up by 13.5% month-over-month. Of the 59 sold homes, 54% were sold under asking, 37% were sold at asking, and 8% were sold over asking.

Days on Market for 85295, AZ

How long does it take to sell a home in 85295, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days58 Days+53.0%

Summary: Homes in 85295 had an average of 58 days on market in Oct 2024, up by 53% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85295 has remained consistent over time.

Summary: During October 2024, 59 homes were sold in 85295; 36% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 22% 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 85295, AZ

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