Is 85351, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85351 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85351 was a Seller's Market.

Key Takeaway

85351 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 85351, AZ

How much do homes in 85351, AZ cost?

Median Sold Price

$268,311

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$4,645(+1.8%)

Key Takeaway

Homes in 85351 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 85351 was $268,311 in November 2024, up 1.8% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $170K$175K
+2.9%
2 $258.4K$260K
+0.6%
3 $338.6K$340K
0.4%
4 $375K$509K
+35.7%
5+ --
N/A

Summary: 85351 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85363
+7.2%
85381
+5.0%
85335
+2.3%
85345
+2.1%
85351
+1.8%

Housing Supply in 85351, AZ

How many homes are available in 85351, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
496520+4.8%

Summary: The 85351 real estate market had 520 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4136
-12.2%
2 331356
+7.6%
3 122125
+2.5%
4 22
0.0%
5+ 01
+100.0%

Summary: The 85351 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8980-10.1%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer56%26%18%

Key Takeaway

If you're buying a home in 85351, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in 85351 in November 2024, down by 10.1% month-over-month. Of the 80 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% were sold over asking.

Days on Market for 85351, AZ

How long does it take to sell a home in 85351, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days65 Days+63.8%

Summary: Homes in 85351 had an average of 65 days on market in Nov 2024, up by 63.8% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times48%30%23%

Key Takeaway

Avg time on Rocket Homes in 85351 has remained consistent over time.

Summary: During November 2024, 80 homes were sold in 85351; 30% of homes were sold within 30 days, 48% 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 20 Days Ago

Newest Listings in 85351, AZ

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