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 22 Days Ago

Newest Listings in 85295, AZ

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