85387 Housing Market Report December 2024•Maricopa County, Arizona

hero building illustration for mobile

Housing Prices in 85387, AZ

How much do homes in 85387, AZ cost?

Housing Market Conditions

Is 85387, AZ a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

85387 is a Buyer's Market

Difference Since December 2023

At the same time last year, 85387 was a Seller's Market.

Insight

85387 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$449,186$236/SqFt
+$1,308
0.3%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 85387 has remained the same since last year.

Summary: The median home sold price in 85387 was $449,186 in December 2024, up 0.3% from last year, and the median price per square foot was $236.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
85375
+2.7%
85383
+2.7%
85374
+1.2%
85387
0.3%
85361
-6.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$445K$425K
-4.5%
3$415.2K$422.3K
+1.7%
4$470.6K$464.1K
-1.4%
5$537.7K$537.9K
0.0%

Summary: 85387 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -4.5%. The home price for 3 bedroom homes increased by +1.7%. The home price for 4 bedroom homes decreased by -1.4%. The home price for 5 bedroom homes did not change.

Housing supply in 85387, AZ

How many homes are available in 85387, AZ?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
606Last MonthDec 2024
6352 months agoNov 2024
-4.6 %
Change MoMNov – Dec

Summary: The 85387 real estate market had 606 homes for sale in Dec 2024, a 4.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
76Last MonthDec 2024
1032 months agoNov 2024
-26.2 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
27471
-4.1%
3256243
-5.1%
4265248
-6.4%
54044
+10.0%

Summary: 85387 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -4.1%. The inventory for 3 bedroom homes decreased by -5.1%. The inventory for 4 bedroom homes decreased by -6.4%. The inventory for 5 bedroom homes increased by +10.0%.

Asking Price vs. Sold Price

How much do homes in 85387, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price7 Homes

At Asking Price24 Homes

Under Asking Price45 Homes

Insight

If you're buying a home in 85387, you may be able to get a good deal. 59.2% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in 85387 in December 2024, down by 26.2% month-over-month. Of the 76 sold homes, 59% were sold under asking, 32% were sold at asking, and and 9% were sold over asking.

Days on Market for 85387, AZ

How long does it take to sell a home in 85387, AZ?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days27 Homes

Over 90 Days31 Homes

Insight

Most homes in 85387 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 76 homes were sold in 85387; 24% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
85 DaysThis YearDec 2024
65 Days1 year agoDec 2023
+31.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 85387 had an average listing age of 85 days in Dec 2024, up by 31.4% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 85387, AZ

What homes are available in 85387, AZ?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Arizona

MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, and Northern Arizona Multiple Listing Service for the period 01/01/2023 - 01/01/2025

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 10:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX© 2025 Northern Arizona Multiple Listing Service (NAMLS). Based on information submitted to the NAMLS. All data is obtained from various sources and may not have been verified by broker or NAMLS. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to naarflag@nazrealtor.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 10:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.