#6828812, Stacey Krolak, Ashley Krolak, Listing Office: Russ Lyon Sotheby's International Realty
85024 Housing Market Report February 2025•Maricopa County, Arizona
Housing Prices in 85024, AZ
How much do homes in 85024, AZ cost?
Housing Market Conditions
Is 85024, AZ a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
85024 is a Seller's Market
Difference Since February 2024
Since last year, 85024 has remained a Seller's Market.
85024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in 85024 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 85024 was $534,333 in February 2025, up 7.6% from last year, and the median price per square foot was $313.
Median Sold Price By Bedrooms
Beds | Feb 2024 | Feb 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $229K | - | N/A |
22 Bedrooms | $382.5K | $375K | -2.0% |
33 Bedrooms | $460K | $467.5K | +1.6% |
44 Bedrooms | $615.5K | $662K | +7.6% |
55+ Bedrooms | $875K | $970K | +10.9% |
Summary: 85024 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -2.0%. The home price for 3 bedroom homes increased by +1.6%. The home price for 4 bedroom homes increased by +7.6%. The home price for 5 bedroom homes increased by +10.9%.
Housing supply in 85024, AZ
How many homes are available in 85024, AZ?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
136Last MonthFeb 2025 | ||
1162 months agoJan 2025 | +17.2 % Change MoMJan – Feb |
Summary: The 85024 real estate market had 136 homes for sale in Feb 2025, a 17.2 % increase compared to Jan 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
36Last MonthFeb 2025 | ||
112 months agoJan 2025 | +227.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
Beds | Jan 2025 | Feb 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 2 | 1 | -50.0% |
22 Bedrooms | 7 | 8 | +14.3% |
33 Bedrooms | 68 | 80 | +17.6% |
44 Bedrooms | 29 | 35 | +20.7% |
55+ Bedrooms | 10 | 12 | +20.0% |
Summary: 85024 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +17.6%. The inventory for 4 bedroom homes increased by +20.7%. The inventory for 5 bedroom homes increased by +20.0%.
Asking Price vs. Sold Price
How much do homes in 85024, AZ cost?
Over Asking Price8 Homes
At Asking Price11 Homes
Under Asking Price17 Homes
If you're buying a home in 85024, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in 85024 in February 2025, up by 227.3% month-over-month. Of the 36 sold homes, 47% were sold under asking, 31% were sold at asking, and and 22% were sold over asking.
Days on Market for 85024, AZ
How long does it take to sell a home in 85024, AZ?
Breakdown of Home Sale Times
Under 30 Days12 Homes
30 – 90 Days16 Homes
Over 90 Days8 Homes
Avg time on Rocket Homes in 85024 has remained consistent over time.
Summary: During February 2025, 36 homes were sold in 85024; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
62 DaysThis YearFeb 2025 | ||
60 Days1 year agoFeb 2024 | +3.1 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 85024 had an average listing age of 62 days in Feb 2025, up by 3.1% compared to the previous year.
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Newest Listings in 85024, AZ
What homes are available in 85024, AZ?
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MLS Disclaimers and Copyright
Based on information from Arizona Regional MLS, and Northern Arizona Multiple Listing Service for the period 03/01/2023 - 03/01/2025
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/2/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/2/2025, 4:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.