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 October 2023

Since last year, 85296 has remained a Seller's 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

$558,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,500(+5.4%)

Key Takeaway

Homes in 85296 have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in 85296 was $558,000 in October 2024, up 5.4% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $380K$395K
+3.9%
3 $460K$480K
+4.3%
4 $595.5K$630K
+5.8%
5+ $752.5K$830K
+10.3%

Summary: 85296 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 3.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

85295
+7.7%
85233
+6.1%
85296
+5.4%
85212
+3.6%
85234
+2.9%

Housing Supply in 85296, AZ

How many homes are available in 85296, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
176188+6.8%

Summary: The 85296 real estate market had 188 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%
2 911
+22.2%
3 6972
+4.3%
4 5556
+1.8%
5+ 4349
+14.0%

Summary: The 85296 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 22.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 14%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4135-14.6%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 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. 60% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 85296 in October 2024, down by 14.6% month-over-month. Of the 35 sold homes, 60% were sold under asking, 34% were sold at asking, and 6% 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

Oct 2023Oct 2024CHANGE
38 Days62 Days+63.0%

Summary: Homes in 85296 had an average of 62 days on market in Oct 2024, up by 63% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85296 has remained consistent over time.

Summary: During October 2024, 35 homes were sold in 85296; 34% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 23% 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 85296, AZ

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