Is 85392, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85392 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 85392 has remained a Seller's Market.

Key Takeaway

85392 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85392, AZ

How much do homes in 85392, AZ cost?

Median Sold Price

$417,940

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,627(+0.4%)

Key Takeaway

The sold price of homes in 85392 has remained the same since last year.

Summary: The median home sold price in 85392 was $417,940 in October 2024, up 0.4% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $348K$367.2K
+5.5%
3 $390K$403.5K
+3.5%
4 $436.2K$430.5K
-1.3%
5+ $527.5K$504K
-4.5%

Summary: 85392 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 5.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Zip Codes

85323
+4.9%
85037
+4.0%
85353
+3.2%
85395
+2.6%
85392
0.4%

Housing Supply in 85392, AZ

How many homes are available in 85392, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
143146+2.1%

Summary: The 85392 real estate market had 146 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 74
-42.9%
3 6365
+3.2%
4 5560
+9.1%
5+ 1817
-5.6%

Summary: The 85392 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 decreased by 42.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2127+28.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85392, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 85392 in October 2024, up by 28.6% month-over-month. Of the 27 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for 85392, AZ

How long does it take to sell a home in 85392, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days80 Days+92.8%

Summary: Homes in 85392 had an average of 80 days on market in Oct 2024, up by 92.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85392 has remained consistent over time.

Summary: During October 2024, 27 homes were sold in 85392; 15% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 26% 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 85392, AZ

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