Is 85615, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85615 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 85615 has remained a Neutral Market.

Key Takeaway

85615 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 85615, AZ

How much do homes in 85615, AZ cost?

Median Sold Price

$429,791

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,841(+8.8%)

Key Takeaway

Homes in 85615 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 85615 was $429,791 in November 2024, up 8.8% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $125K$239K
+91.2%
2 $230K$412.5K
+79.3%
3 $370K$420K
+13.5%
4 $495K$471K
-4.8%
5+ $271K$699K
+157.9%

Summary: 85615 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.2%, 2 bedroom homes increased by 79.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 157.9%.

Median Sold Price Compared To Nearby Zip Codes

85615
+8.8%
85650
+6.0%
85603
+2.3%
85635
+1.9%

Housing Supply in 85615, AZ

How many homes are available in 85615, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6967-2.9%

Summary: The 85615 real estate market had 67 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 2927
-6.9%
4 3231
-3.1%
5+ 65
-16.7%

Summary: The 85615 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 100%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85615, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 85615 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.

Days on Market for 85615, AZ

How long does it take to sell a home in 85615, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
64 Days102 Days+59.6%

Summary: Homes in 85615 had an average of 102 days on market in Nov 2024, up by 59.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85615 has remained consistent over time.

Summary: During November 2024, 10 homes were sold in 85615; 10% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 30% 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 85615, AZ

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