Is 85353, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85353 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85353 has remained a Seller's Market.

Key Takeaway

85353 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85353, AZ

How much do homes in 85353, AZ cost?

Median Sold Price

$415,070

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,997(+3.2%)

Key Takeaway

Homes in 85353 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 85353 was $415,070 in October 2024, up 3.2% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $352K$219.2K
-37.7%
3 $380K$389K
+2.4%
4 $409.9K$424.9K
+3.6%
5+ $469.9K$467.8K
-0.4%

Summary: 85353 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 decreased by 37.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.4%.

Median Sold Price Compared To Nearby Zip Codes

85323
+4.9%
85043
+4.3%
85037
+4.0%
85353
+3.2%
85392
0.4%

Housing Supply in 85353, AZ

How many homes are available in 85353, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
185197+6.5%

Summary: The 85353 real estate market had 197 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 7770
-9.1%
4 86100
+16.3%
5+ 2227
+22.7%

Summary: The 85353 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 22.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85353, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 35 homes were sold or pending in 85353 in October 2024, down by 16.7% month-over-month. Of the 35 sold homes, 29% were sold under asking, 40% were sold at asking, and 31% were sold over asking.

Days on Market for 85353, AZ

How long does it take to sell a home in 85353, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days62 Days+82.7%

Summary: Homes in 85353 had an average of 62 days on market in Oct 2024, up by 82.7% 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 85353 has remained consistent over time.

Summary: During October 2024, 35 homes were sold in 85353; 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 14 Days Ago

Newest Listings in 85353, AZ

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