Is 85383, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85383 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 85383 was a Seller's Market.

Key Takeaway

85383 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 85383, AZ

How much do homes in 85383, AZ cost?

Median Sold Price

$662,425

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,793(+2.0%)

Key Takeaway

Homes in 85383 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 85383 was $662,425 in November 2024, up 2% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $640K$623K
-2.7%
3 $575K$585K
+1.7%
4 $649.9K$682.4K
+5.0%
5+ $775K$790.9K
+2.1%

Summary: 85383 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Zip Codes

85086
+3.4%
85375
+2.1%
85383
+2.0%
85083
-0.5%
85373
-1.1%

Housing Supply in 85383, AZ

How many homes are available in 85383, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
560543-3.0%

Summary: The 85383 real estate market had 543 homes for sale in November 2024, a 3.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 8085
+6.3%
3 164157
-4.3%
4 215211
-1.9%
5+ 10190
-10.9%

Summary: The 85383 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 10.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
9387-6.5%

Asking Price vs. Sold Price

64 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85383, you may be able to get a good deal. 73.6% of homes here sold below asking price last month.

Summary: A total of 87 homes were sold or pending in 85383 in November 2024, down by 6.5% month-over-month. Of the 87 sold homes, 74% were sold under asking, 21% were sold at asking, and 6% were sold over asking.

Days on Market for 85383, AZ

How long does it take to sell a home in 85383, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days71 Days+10.1%

Summary: Homes in 85383 had an average of 71 days on market in Nov 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

44 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85383 has remained consistent over time.

Summary: During November 2024, 87 homes were sold in 85383; 22% of homes were sold within 30 days, 51% of homes were sold within 30 to 90 days, and 28% 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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