Is 85139, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85139 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 85139 has remained a Seller's Market.

Key Takeaway

85139 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85139, AZ

How much do homes in 85139, AZ cost?

Median Sold Price

$344,995

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$45,005(-11.5%)

Key Takeaway

Homes in 85139 have sold for 11.5% less than they did a year ago.

Summary: The median home sold price in 85139 was $344,995 in February 2024, down 11.5% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $265K$288.6K
+8.9%
3 $370K$323.5K
-12.6%
4 $396K$365K
-7.8%
5+ $458K$409.9K
-10.5%

Summary: 85139 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

85339
-4.1%
85138
-9.9%
85139
-11.5%
85193
-16.0%

Housing Supply in 85139, AZ

How many homes are available in 85139, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
124151+21.8%

Summary: The 85139 real estate market had 151 homes for sale in February 2024, a 21.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 99
0.0%
3 4965
+32.7%
4 4355
+27.9%
5+ 2322
-4.3%

Summary: The 85139 housing inventory by bedroom type for February 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 32.7%, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1228+133.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85139, expect to pay close to the asking price. 53.6% of homes here sold near the asking price last month.

Summary: A total of 28 homes were sold or pending in 85139 in February 2024, up by 133.3% month-over-month. Of the 28 sold homes, 39% were sold under asking, 54% were sold at asking, and 7% were sold over asking.

Days on Market for 85139, AZ

How long does it take to sell a home in 85139, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
106 Days102 Days-3.9%

Summary: Homes in 85139 had an average of 102 days on market in Feb 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85139 has remained consistent over time.

Summary: During February 2024, 28 homes were sold in 85139; 7% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 46% 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 27 Days Ago

Newest Listings in 85139, AZ

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