Is 85375, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85375 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85375 was a Seller's Market.

Key Takeaway

85375 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 85375, AZ

How much do homes in 85375, AZ cost?

Median Sold Price

$383,010

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,956(+2.1%)

Key Takeaway

Homes in 85375 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 85375 was $383,010 in November 2024, up 2.1% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $208K$219.5K
+5.5%
2 $357.2K$369.9K
+3.6%
3 $453K$479.9K
+5.9%
4 $504K$512.5K
+1.7%
5+ $530K$578K
+9.1%

Summary: 85375 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

85375
+2.1%
85383
+2.0%
85387
+1.3%
85378
+0.9%
85373
-1.1%

Housing Supply in 85375, AZ

How many homes are available in 85375, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
483506+4.8%

Summary: The 85375 real estate market had 506 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 129
-25.0%
2 336353
+5.1%
3 110119
+8.2%
4 1819
+5.6%
5+ 76
-14.3%

Summary: The 85375 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8982-7.9%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85375, you may be able to get a good deal. 59.8% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in 85375 in November 2024, down by 7.9% month-over-month. Of the 82 sold homes, 60% were sold under asking, 32% were sold at asking, and 9% were sold over asking.

Days on Market for 85375, AZ

How long does it take to sell a home in 85375, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
56 Days50 Days-9.9%

Summary: Homes in 85375 had an average of 50 days on market in Nov 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85375 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 82 homes were sold in 85375; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 16% 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 23 Days Ago

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