Is 85382, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85382 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85382 has remained a Seller's Market.

Key Takeaway

85382 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85382, AZ

How much do homes in 85382, AZ cost?

Median Sold Price

$469,990

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,990(+6.8%)

Key Takeaway

Homes in 85382 have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in 85382 was $469,990 in October 2024, up 6.8% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$201K
N/A
2 $370K$390K
+5.4%
3 $436.6K$450K
+3.1%
4 $527.3K$544.5K
+3.3%
5+ $602.6K$635.8K
+5.5%

Summary: 85382 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 5.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

85382
+6.8%
85306
+4.6%
85381
+3.8%
85308
+2.8%
85383
+2.5%

Housing Supply in 85382, AZ

How many homes are available in 85382, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
218222+1.8%

Summary: The 85382 real estate market had 222 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 5462
+14.8%
3 7577
+2.7%
4 6860
-11.8%
5+ 1921
+10.5%

Summary: The 85382 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 increased by 14.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4562+37.8%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85382, you may be able to get a good deal. 58.1% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in 85382 in October 2024, up by 37.8% month-over-month. Of the 62 sold homes, 58% were sold under asking, 32% were sold at asking, and 10% were sold over asking.

Days on Market for 85382, AZ

How long does it take to sell a home in 85382, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days50 Days+8.2%

Summary: Homes in 85382 had an average of 50 days on market in Oct 2024, up by 8.2% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85382 has remained consistent over time.

Summary: During October 2024, 62 homes were sold in 85382; 40% of homes were sold within 30 days, 44% 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 14 Days Ago

Newest Listings in 85382, AZ

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