Is 85931, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85931 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 85931 was a Neutral Market.

Key Takeaway

85931 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85931, AZ

How much do homes in 85931, AZ cost?

Median Sold Price

$600,000

$395/sqft

Based on all homes sold in November 2024.

The Median Sold Price hasn't changed since October 2024.

Key Takeaway

The sold price of homes in 85931 has remained the same since last month.

Summary: The median home sold price in 85931 was $600,000 in November 2024, the same as last month, and the median price per square foot was $395.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$375K
N/A
2 $475K-
N/A
3 $680K$686.5K
+1.0%
4 -$600K
N/A
5+ --
N/A

Summary: 85931 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

85931
0.0%
86024
-22.8%

Housing Supply in 85931, AZ

How many homes are available in 85931, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1917-10.5%

Summary: The 85931 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 65
-16.7%
4 22
0.0%
5+ 22
0.0%

Summary: The 85931 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 decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85931, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 85931 in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 85931, AZ

How long does it take to sell a home in 85931, AZ?

Average Sale Time

Oct 2024Nov 2024CHANGE
106 Days64 Days-39.7%

Summary: Homes in 85931 had an average of 64 days on market in Nov 2024, down by 39.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85931 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 85931; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 85931, AZ

Nearby Markets to 85931, AZ