Is 85296, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85296 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85296 was a Neutral Market.

Key Takeaway

85296 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85296, AZ

How much do homes in 85296, AZ cost?

Median Sold Price

$560,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,875(+4.8%)

Key Takeaway

Homes in 85296 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 85296 was $560,000 in November 2024, up 4.8% 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 $389K$392.5K
+0.9%
3 $458.5K$480K
+4.7%
4 $599K$630.4K
+5.3%
5+ $767.5K$825K
+7.5%

Summary: 85296 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 increased by 0.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

85295
+7.0%
85233
+6.2%
85296
+4.8%
85212
+3.5%
85234
+3.3%

Housing Supply in 85296, AZ

How many homes are available in 85296, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1791790.0%

Summary: The 85296 real estate market had 179 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 119
-18.2%
3 6867
-1.5%
4 5461
+13.0%
5+ 4642
-8.7%

Summary: The 85296 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 18.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3437+8.8%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85296, you may be able to get a good deal. 73% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 85296 in November 2024, up by 8.8% month-over-month. Of the 37 sold homes, 73% were sold under asking, 19% were sold at asking, and 8% were sold over asking.

Days on Market for 85296, AZ

How long does it take to sell a home in 85296, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
44 Days55 Days+24.3%

Summary: Homes in 85296 had an average of 55 days on market in Nov 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85296 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in 85296; 41% of homes were sold within 30 days, 38% 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 85296, AZ

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