Is 86046, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 86046 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 86046 has remained a Buyer's Market.

Key Takeaway

86046 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 86046, AZ

How much do homes in 86046, AZ cost?

Median Sold Price

$415,000

$388/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$230,000(-35.7%)

Key Takeaway

Homes in 86046 have sold for 35.7% less than they did a month ago.

Summary: The median home sold price in 86046 was $415,000 in October 2024, down 35.7% from last month, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $295K$415K
+40.7%
3 -$373K
N/A
4 $872.5K$1.1M
+28.9%
5+ --
N/A

Summary: 86046 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 28.9%, and 5+ bedroom homes did not change.

Housing Supply in 86046, AZ

How many homes are available in 86046, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2428+16.7%

Summary: The 86046 real estate market had 28 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 32
-33.3%
3 1317
+30.8%
4 42
-50.0%
5+ 46
+50.0%

Summary: The 86046 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 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 86046, 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 86046 in October 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 86046, AZ

How long does it take to sell a home in 86046, AZ?

Average Sale Time

Sep 2024Oct 2024CHANGE
125 Days102 Days-18.6%

Summary: Homes in 86046 had an average of 102 days on market in Oct 2024, down by 18.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 86046 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 86046; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

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