Is 85361, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85361 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 85361 was a Buyer's Market.

Key Takeaway

85361 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85361, AZ

How much do homes in 85361, AZ cost?

Median Sold Price

$525,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,950(-4.5%)

Key Takeaway

Homes in 85361 have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in 85361 was $525,000 in October 2024, down 4.5% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $425K$950K
+123.5%
3 $433.9K$485K
+11.8%
4 $580K$555K
-4.3%
5+ $695K$570K
-18.0%

Summary: 85361 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 123.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 18%.

Median Sold Price Compared To Nearby Zip Codes

85396
+4.8%
85387
+1.1%
85390
-2.9%
85361
-4.5%
85342
-37.9%

Housing Supply in 85361, AZ

How many homes are available in 85361, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
92107+16.3%

Summary: The 85361 real estate market had 107 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 4849
+2.1%
4 3344
+33.3%
5+ 1014
+40.0%

Summary: The 85361 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 decreased by 100%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
622+266.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85361, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 85361 in October 2024, up by 266.7% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for 85361, AZ

How long does it take to sell a home in 85361, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days106 Days+44.9%

Summary: Homes in 85361 had an average of 106 days on market in Oct 2024, up by 44.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 85361 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 22 homes were sold in 85361; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% 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 21 Days Ago

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