Is 85375, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 85375 is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 85375 was a Seller's Market.

Key Takeaway

85375 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 85375, AZ

How much do homes in 85375, AZ cost?

Median Sold Price

$380,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$3,937(+1.0%)

Key Takeaway

Homes in 85375 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 85375 was $380,000 in September 2024, up 1% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $210K$220K
+4.8%
2 $357.4K$366.7K
+2.6%
3 $455K$480.6K
+5.6%
4 $492.5K$530K
+7.6%
5+ $540K$599K
+10.9%

Summary: 85375 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 10.9%.

Median Sold Price Compared To Nearby Zip Codes

85383
+3.8%
85373
+1.5%
85375
+1.0%
85387
+1.0%
85378
+0.6%

Housing Supply in 85375, AZ

How many homes are available in 85375, AZ?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
353397+12.5%

Summary: The 85375 real estate market had 397 homes for sale in September 2024, a 12.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1418
+28.6%
2 238265
+11.3%
3 8193
+14.8%
4 1516
+6.7%
5+ 55
0.0%

Summary: The 85375 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
8863-28.4%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 85375, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 63 homes were sold or pending in 85375 in September 2024, down by 28.4% month-over-month. Of the 63 sold homes, 71% were sold under asking, 19% were sold at asking, and 10% were sold over asking.

Days on Market for 85375, AZ

How long does it take to sell a home in 85375, AZ?

Average Sale Time

Sep 2023Sep 2024CHANGE
53 Days65 Days+21.2%

Summary: Homes in 85375 had an average of 65 days on market in Sep 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 85375 has remained consistent over time.

Summary: During September 2024, 63 homes were sold in 85375; 32% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 25% 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 30 Days Ago

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