Is 85349, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85349 is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 85349 was a Neutral Market.

Key Takeaway

85349 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85349, AZ

How much do homes in 85349, AZ cost?

Median Sold Price

$235,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$5,000(+2.2%)

Key Takeaway

Homes in 85349 have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in 85349 was $235,000 in December 2024, up 2.2% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$165K
N/A
2 $179K$222.5K
+24.3%
3 $220K$235K
+6.8%
4 $275K$277.8K
+1.0%
5+ -$175K
N/A

Summary: 85349 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85350
+6.3%
85349
+2.2%

Housing Supply in 85349, AZ

How many homes are available in 85349, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4140-2.4%

Summary: The 85349 real estate market had 40 homes for sale in December 2024, a 2.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 01
+100.0%
3 3330
-9.1%
4 34
+33.3%
5+ 33
0.0%

Summary: The 85349 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
826+225.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85349, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.

Summary: A total of 26 homes were sold or pending in 85349 in December 2024, up by 225.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 64% were sold at asking, and 9% were sold over asking.

Days on Market for 85349, AZ

How long does it take to sell a home in 85349, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
175 Days136 Days-22.0%

Summary: Homes in 85349 had an average of 136 days on market in Dec 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 85349 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 26 homes were sold in 85349; 12% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 35% 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 8 Days Ago

Newest Listings in 85349, AZ

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