85044 Homes Market Overview
85044 Homes Market Highlights
As of May 5, 2025, the single family homes market in 85044 exhibits notable variations this month.
- The number of active listings has increased to 130 over the past month, reflecting a 31% rise from 99 listings just three months ago.
- Average sold prices have experienced a significant uptick, now averaging $647,410, which is up from $621,483 seen three months prior.
- Days on market (DOM) for active listings is currently at 60, showing a decrease in market speed compared to past months.
- Overall, the market appears well-balanced, offering ample opportunities for both buyers and sellers to navigate effectively.
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85044 Homes Market Report
An In-Depth Look at the 85044 Homes Market
This analysis reveals intriguing trends within the single family homes sector of 85044 as of May 5, 2025.
The inventory landscape has shifted noticeably, with active listings rising to 130 over the past month, up from 99 listings observed three months ago. This uptick marks a growing trend, indicating an expansion in available options for prospective buyers. In particular, the inventory level rising to 4.3 months suggests a movement toward a more balanced market dynamic, as it sits comfortably within the range that accommodates both buyer and seller interests.
On the pricing front, sold prices have climbed sharply to an average of $647,410. This increase from $621,483 three months ago signals escalating buyer demand, alongside the growing inventory, which may further indicate confidence in the market's stability. Nevertheless, the average price per square foot for active listings is currently $282, which contrasts somewhat with the sold average of $307 per square foot, hinting at a potential price adjustment as listings continue to circulate in the market context.
Interestingly, the average days on market (DOM) stands at 60 days. This figure reflects a steady retention period compared to the previous three months where DOM was longer, suggesting a quicker market turnover. Properties are moving faster, a positive sign for sellers who are seeking to capitalize on their listings. However, the growing number of active listings alongside the increased sold prices provides an essential insight for buyers, indicating an effective readiness to negotiate amid rising price levels.
The sold price to original list price ratio remains relatively stable at approximately 97%, indicating that, although prices are rising, sellers are successfully achieving close to their asking price, which speaks to the competitive nature of the current market. For those navigating this market, whether buying or selling, staying informed of these trends will be critical in making strategic decisions.
Brian Adamski, Realtor
Your Go-To Realtor for 85044 | Your Journey, My Priority
480-405-1265
