Is 85295, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85295 is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 85295 has remained a Seller's Market.

Key Takeaway

85295 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 85295, AZ

How much do homes in 85295, AZ cost?

Median Sold Price

$529,180

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$29,884(-5.3%)

Key Takeaway

Homes in 85295 have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in 85295 was $529,180 in February 2024, down 5.3% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $900K-
N/A
2 $436.5K$400K
-8.4%
3 $508.3K$475K
-6.6%
4 $630K$620K
-1.6%
5+ $900K$802.1K
-10.9%

Summary: 85295 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 decreased by 8.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Zip Codes

85225
-0.3%
85233
-2.9%
85296
-4.2%
85295
-5.3%
85297
-6.7%

Housing Supply in 85295, AZ

How many homes are available in 85295, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
179174-2.8%

Summary: The 85295 real estate market had 174 homes for sale in February 2024, a 2.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 8077
-3.8%
4 5755
-3.5%
5+ 3332
-3.0%

Summary: The 85295 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 increased by 11.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4152+26.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85295, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 85295 in February 2024, up by 26.8% month-over-month. Of the 52 sold homes, 46% were sold under asking, 35% were sold at asking, and 19% were sold over asking.

Days on Market for 85295, AZ

How long does it take to sell a home in 85295, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
79 Days40 Days-49.0%

Summary: Homes in 85295 had an average of 40 days on market in Feb 2024, down by 49% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 85295 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 52 homes were sold in 85295; 48% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 10% 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 28 Days Ago

Newest Listings in 85295, AZ

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