Is 86305, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 86305 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 86305 has remained a Buyer's Market.

Key Takeaway

86305 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 86305, AZ

How much do homes in 86305, AZ cost?

Median Sold Price

$800,000

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+3.2%)

Key Takeaway

Homes in 86305 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 86305 was $800,000 in November 2024, up 3.2% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K-
N/A
2 $495K$425K
-14.1%
3 $785K$767K
-2.3%
4 $1.0M$1.0M
+2.2%
5+ $1.3M$1.2M
-9.0%

Summary: 86305 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 decreased by 14.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Zip Codes

86305
+3.2%
86301
-2.0%

Housing Supply in 86305, AZ

How many homes are available in 86305, AZ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8086+7.5%

Summary: The 86305 real estate market had 86 homes for sale in November 2024, a 7.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1111
0.0%
3 4349
+14.0%
4 1718
+5.9%
5+ 87
-12.5%

Summary: The 86305 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 increased by 14%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer73%18%9%

Key Takeaway

If you're buying a home in 86305, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 86305 in November 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for 86305, AZ

How long does it take to sell a home in 86305, AZ?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days37 Days+5.1%

Summary: Homes in 86305 had an average of 37 days on market in Nov 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times55%45%

Key Takeaway

Avg time on Rocket Homes in 86305 has remained consistent over time.

Summary: During November 2024, 11 homes were sold in 86305; 45% of homes were sold within 30 days, 55% 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 21 Days Ago

Newest Listings in 86305, AZ

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