Is 86024, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 86024 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 86024 was a Buyer's Market.

Key Takeaway

86024 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 86024, AZ

How much do homes in 86024, AZ cost?

Median Sold Price

$440,000

$302/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$130,000(-22.8%)

Key Takeaway

Homes in 86024 have sold for 22.8% less than they did a month ago.

Summary: The median home sold price in 86024 was $440,000 in November 2024, down 22.8% from last month, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $530K$370K
-30.2%
3 $609.5K$440K
-27.8%
4 --
N/A
5+ --
N/A

Summary: 86024 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 decreased by 30.2%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 86024, AZ

How many homes are available in 86024, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3330-9.1%

Summary: The 86024 real estate market had 30 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 98
-11.1%
3 1513
-13.3%
4 44
0.0%
5+ 33
0.0%

Summary: The 86024 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 11.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

5 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 86024, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 86024 in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 86024, AZ

How long does it take to sell a home in 86024, AZ?

Average Sale Time

Oct 2024Nov 2024CHANGE
107 Days173 Days+62.1%

Summary: Homes in 86024 had an average of 173 days on market in Nov 2024, up by 62.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 86024 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 5 homes were sold in 86024; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 80% 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

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