Is 85365, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85365 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 85365 was a Seller's Market.

Key Takeaway

85365 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 85365, AZ

How much do homes in 85365, AZ cost?

Median Sold Price

$340,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$5,000(+1.5%)

Key Takeaway

Homes in 85365 have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in 85365 was $340,000 in December 2024, up 1.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $600K$230.5K
-61.6%
2 $245K$252.2K
+3.0%
3 $309K$320K
+3.6%
4 $387K$396K
+2.3%
5+ $525K$427.5K
-18.6%

Summary: 85365 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.6%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 18.6%.

Median Sold Price Compared To Nearby Zip Codes

85364
+9.6%
85356
+9.3%
85367
+2.9%
85365
+1.5%

Housing Supply in 85365, AZ

How many homes are available in 85365, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
225228+1.3%

Summary: The 85365 real estate market had 228 homes for sale in December 2024, a 1.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 2427
+12.5%
3 9895
-3.1%
4 8887
-1.1%
5+ 1418
+28.6%

Summary: The 85365 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 12.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4235-16.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85365, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 85365 in December 2024, down by 16.7% month-over-month. Of the 32 sold homes, 41% were sold under asking, 34% were sold at asking, and 25% were sold over asking.

Days on Market for 85365, AZ

How long does it take to sell a home in 85365, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
97 Days79 Days-18.8%

Summary: Homes in 85365 had an average of 79 days on market in Dec 2024, down by 18.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85365 has remained consistent over time.

Summary: During December 2024, 35 homes were sold in 85365; 17% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 26% 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 5 Days Ago

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