Is 85390, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85390 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 85390 has remained a Buyer's Market.

Key Takeaway

85390 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85390, AZ

How much do homes in 85390, AZ cost?

Median Sold Price

$521,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$10,553(-2.0%)

Key Takeaway

Homes in 85390 have sold for 2% less than they did a year ago.

Summary: The median home sold price in 85390 was $521,000 in November 2024, down 2% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $215K$179K
-16.7%
2 $494K$510K
+3.2%
3 $535K$570K
+6.5%
4 $750K$650K
-13.3%
5+ $635K$730K
+15.0%

Summary: 85390 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

85390
-2.0%
85361
-7.3%

Housing Supply in 85390, AZ

How many homes are available in 85390, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
192207+7.8%

Summary: The 85390 real estate market had 207 homes for sale in November 2024, a 7.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 7376
+4.1%
3 97107
+10.3%
4 1718
+5.9%
5+ 34
+33.3%

Summary: The 85390 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 4.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1916-15.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85390, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 85390 in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% were sold over asking.

Days on Market for 85390, AZ

How long does it take to sell a home in 85390, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
86 Days154 Days+78.8%

Summary: Homes in 85390 had an average of 154 days on market in Nov 2024, up by 78.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 85390 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 16 homes were sold in 85390; 19% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 63% 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 22 Days Ago

Newest Listings in 85390, AZ

Nearby Markets to 85390, AZ