Is 86303, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 86303 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 86303 has remained a Seller's Market.

Key Takeaway

86303 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 86303, AZ

How much do homes in 86303, AZ cost?

Median Sold Price

$613,500

$313/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,306(+3.8%)

Key Takeaway

Homes in 86303 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 86303 was $613,500 in December 2024, up 3.8% from last year, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $350K$315K
-10.0%
2 $450K$460K
+2.2%
3 $644.9K$640.7K
-0.7%
4 $810.2K$850K
+4.9%
5+ $874.4K$910K
+4.1%

Summary: 86303 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

86303
+3.8%
86301
+3.1%
86314
+0.9%

Housing Supply in 86303, AZ

How many homes are available in 86303, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
205195-4.9%

Summary: The 86303 real estate market had 195 homes for sale in December 2024, a 4.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 64
-33.3%
2 4141
0.0%
3 10292
-9.8%
4 4547
+4.4%
5+ 1111
0.0%

Summary: The 86303 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3834-10.5%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 86303, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 86303 in December 2024, down by 10.5% month-over-month. Of the 34 sold homes, 88% were sold under asking, 3% were sold at asking, and 9% were sold over asking.

Days on Market for 86303, AZ

How long does it take to sell a home in 86303, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
84 Days78 Days-7.0%

Summary: Homes in 86303 had an average of 78 days on market in Dec 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 86303 has remained consistent over time.

Summary: During December 2024, 34 homes were sold in 86303; 26% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 26% 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 6 Days Ago

Newest Listings in 86303, AZ

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