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 October 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

$519,500

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,500(-2.9%)

Key Takeaway

Homes in 85390 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 85390 was $519,500 in October 2024, down 2.9% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $197K$194.9K
-1.0%
2 $489K$510K
+4.3%
3 $550K$570K
+3.6%
4 $675K$650K
-3.7%
5+ $635K$730K
+15.0%

Summary: 85390 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

85390
-2.9%
85332
-4.0%
85361
-4.5%

Housing Supply in 85390, AZ

How many homes are available in 85390, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
172199+15.7%

Summary: The 85390 real estate market had 199 homes for sale in October 2024, a 15.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 5875
+29.3%
3 90101
+12.2%
4 1818
0.0%
5+ 43
-25.0%

Summary: The 85390 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 29.3%, 3 bedroom homes increased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were 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. 89.5% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 85390 in October 2024, up by 5.6% month-over-month. Of the 19 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
111 Days110 Days-0.3%

Summary: Homes in 85390 had an average of 110 days on market in Oct 2024, down by 0.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 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 October 2024, 19 homes were sold in 85390; 16% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 53% 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 4 Days Ago

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