Is 85361, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85361 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 85361 was a Seller's Market.

Key Takeaway

85361 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 85361, AZ

How much do homes in 85361, AZ cost?

Median Sold Price

$560,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,000(+2.0%)

Key Takeaway

Homes in 85361 have sold for 2% more than they did a year ago.

Summary: The median home sold price in 85361 was $560,000 in February 2024, up 2% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $415K$800K
+92.8%
3 $454.9K$482.4K
+6.0%
4 $572.5K$586K
+2.4%
5+ $735K$587.5K
-20.1%

Summary: 85361 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 92.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 20.1%.

Median Sold Price Compared To Nearby Zip Codes

85342
+76.9%
85361
+2.0%
85396
-6.8%
85390
-8.1%
85387
-9.2%

Housing Supply in 85361, AZ

How many homes are available in 85361, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8487+3.6%

Summary: The 85361 real estate market had 87 homes for sale in February 2024, a 3.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 4546
+2.2%
4 3034
+13.3%
5+ 65
-16.7%

Summary: The 85361 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 decreased by 33.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85361, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 85361 in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for 85361, AZ

How long does it take to sell a home in 85361, AZ?

Average Sale Time

Feb 2023Feb 2024CHANGE
169 Days79 Days-53.2%

Summary: Homes in 85361 had an average of 79 days on market in Feb 2024, down by 53.2% compared to last year.

Breakdown of Home Sale Times

4 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

Many homes in 85361 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 85361; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 85361, AZ

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