85048 Market Overview
Highlights
As of February 7, 2025, the single-family homes market in 85048 shows notable shifts that reflect broader trends within the real estate landscape.
- Active listings have decreased to 65, down from 82 three months ago, suggesting diminished supply.
- The average days on market (DOM) for active listings is currently at 73 days, reflecting a slight improvement from 92 DOM three months ago.
- The months of inventory have risen to 5.3 months, indicating a more balanced market.
- Sold prices have increased significantly, currently averaging $851,467, a marked jump from $750,996 three months prior, reinforcing a positive buyer sentiment in this area.
Info About 85048
Living in 85048
- Community and Scenery: The 85048 zip code provides a harmonious blend of suburban convenience and natural beauty, making it a top choice for families, professionals, and retirees seeking a quality lifestyle. South Mountain provides a beautiful natural backdrop to many of the neighborhoods here.
- Active Lifestyle: Residents of 85048 enjoy easy access to South Mountain Park, where hiking, mountain biking, and other outdoor activities are popular year-round. Parks and green spaces add to the community’s outdoor appeal.
- Weather: With a warm desert climate, 85048 is ideal for those who enjoy sunny days and mild winters, with most properties built to make the most of outdoor living.
Schools in 85048
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- Kyrene School District: The 85048 area is part of the highly rated Kyrene School District, with schools that emphasize strong academics, community involvement, and active parent participation.
- High School Options: Students in 85048 typically attend Desert Vista High School, known for its academic rigor, arts, and sports programs.
- Charter and Private School Choices: Additional educational options include various charter and private schools, offering specialized programs that meet diverse learning needs.
Lifestyle in 85048
- Recreation and Parks: Local parks, such as Vista Canyon Park, offer sports fields, playgrounds, and picnic spots for family gatherings and outdoor activities. The area’s close proximity to golf courses and community centers enhances the recreational lifestyle.
- Shopping and Dining Options: The area has convenient access to shops, restaurants, and services, with larger retail centers located nearby in Chandler and Tempe for expanded options.
Proximity to Amenities in 85048
- Transportation: The 85048 zip code has convenient access to the Loop 202 and I-10, making it easy for commuters and those traveling within the Valley.
- Medical Facilities: Quality healthcare facilities are nearby, with local hospitals and clinics ensuring excellent medical care for residents in 85048.
Real Estate in 85048
- Home Types: Homes for sale in 85048 offer a variety of options, including single-family homes, condos, and luxury properties in gated communities. Many homes come with features like desert landscaping and outdoor living areas.
- Price Range: Real estate prices in 85048 vary, offering options across different budgets, with many properties featuring upscale amenities and desert landscaping.
- Market Trends: The demand for homes in 85048 remains high due to its excellent schools, community feel, and proximity to natural attractions, making it a sought-after market for homebuyers.
Homes for Sale in 85048
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85048 Market Report
An In-Depth Look at 85048 Houses
The single-family homes market in 85048 displayed several key trends driven by changing dynamics over the past several months. As of now, the total number of active listings has declined to 65, which is 17 fewer than the 82 reported three months ago. This significant drop suggests a tightening supply, though the current inventory level remains consistent with seasonal norms for this period.
In terms of days on market (DOM), properties in 85048 are now averaging 73 days on market, reflecting a decrease from 92 days three months prior. This reduction indicates a slight acceleration in sales and suggests that buyers are responding favorably to listings, perhaps due to competitive pricing or desirable features.
Moreover, the months of inventory have climbed to 5.3 months, a rise that suggests a leveling off in the market. However, while this number points to a more balanced market—where neither buyers nor sellers hold a distinct advantage—the total inventory levels remain healthy from a historical perspective. Comparing this to six months ago, when the reading was notably lower at 2.5 months, we see that market conditions have shifted, and the increase can be attributed to the slowing pace of sales or a seasonal adjustment in the number of active listings.
Analyzing sold prices, they have increased to an average of $851,467, demonstrating a significant rise compared to the $750,996 recorded three months ago. Such growth in sold prices suggests a robust buyer confidence, possibly influenced by low interest rates and competitive market conditions.
Additionally, the average price per square foot for sold properties was recorded at $304, consistent with fluctuations from recent months, while active listings show an average price per square foot slightly higher at $316. This disparity suggests that as homes are sold, buyers are often willing to meet or exceed pricing expectations.
As we look towards the upcoming months, market participants—both buyers and sellers—should consider these trends, especially the increased days on market and rising prices, which may give buyers more negotiating power. Nonetheless, the strengthening sold price metric reinforces a favorable environment for sellers looking to capitalize on current market conditions. Thus, strategy will be key for all parties involved as they navigate these changing dynamics in 85048.
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