Is 85342, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85342 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85342 has remained a Seller's Market.

Key Takeaway

85342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85342, AZ

How much do homes in 85342, AZ cost?

Median Sold Price

$312,500

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$190,930(-37.9%)

Key Takeaway

Homes in 85342 have sold for 37.9% less than they did a year ago.

Summary: The median home sold price in 85342 was $312,500 in October 2024, down 37.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K-
N/A
2 $224.2K$257.5K
+14.8%
3 $515.7K$301K
-41.6%
4 $508K$548.7K
+8.0%
5+ $503.4K$695K
+38.1%

Summary: 85342 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 14.8%, 3 bedroom homes decreased by 41.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Zip Codes

85087
+3.7%
85383
+2.5%
85387
+1.1%
85342
-37.9%

Housing Supply in 85342, AZ

How many homes are available in 85342, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1013+30.0%

Summary: The 85342 real estate market had 13 homes for sale in October 2024, a 30.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 67
+16.7%
4 12
+100.0%
5+ 11
0.0%

Summary: The 85342 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 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85342, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 85342 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 85342, AZ

How long does it take to sell a home in 85342, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
80 Days102 Days+27.6%

Summary: Homes in 85342 had an average of 102 days on market in Oct 2024, up by 27.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85342 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 85342; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 85342, AZ

Nearby Markets to 85342, AZ