Is 85937, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85937 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 85937 has remained a Buyer's Market.

Key Takeaway

85937 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85937, AZ

How much do homes in 85937, AZ cost?

Median Sold Price

$360,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$22,500(-5.9%)

Key Takeaway

Homes in 85937 have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in 85937 was $360,000 in November 2024, down 5.9% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K-
N/A
2 -$262K
N/A
3 $362K$360K
-0.6%
4 $550K$387.5K
-29.5%
5+ $510K$693.4K
+36.0%

Summary: 85937 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes increased by 36%.

Median Sold Price Compared To Nearby Zip Codes

85901
-0.8%
85937
-5.9%

Housing Supply in 85937, AZ

How many homes are available in 85937, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1918-5.3%

Summary: The 85937 real estate market had 18 homes for sale in November 2024, a 5.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1111
0.0%
4 22
0.0%
5+ 43
-25.0%

Summary: The 85937 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85937, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 85937 in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 85937, AZ

How long does it take to sell a home in 85937, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days43 Days+258.3%

Summary: Homes in 85937 had an average of 43 days on market in Nov 2024, up by 258.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85937 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 85937; 50% of homes were sold within 30 days, 50% 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 10 Days Ago

Newest Listings in 85937, AZ

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