85044 Land Market Overview
85044 Land Market Highlights
As of May 5, 2025, the land market in 85044 has shown notable stability over the past month.
- Currently, the number of active listings remains steady at 1, accompanied by an average price of $599,999.
- Days on market (DOM) stands at a high of 179 days, indicating a slower selling pace.
- While inventory has remained consistent, there have been no recent sales or pending contracts, suggesting limited activity in the market.
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85044 Land Market Report
An In-Depth Look at the 85044 Land Market
In the 85044 area, the land market reflects a landscape of limited activity as of May 5, 2025.
- Over the past month, the number of active listings has held steady at just 1 property, same as 3 months ago, suggesting a stagnant inventory level amidst ongoing buyer interest.
- The average list price of $599,999 has remained unchanged from previous months. With no movement in active listings and no properties reported as pending for sale, this indicates a lack of urgency among buyers or possibly a mismatch in price expectations.
- Furthermore, the days on market (DOM) has experienced a significant rise to 179 days, up from 78 days six months ago. This lengthened DOM typically signals a slower market where properties take longer to sell, potentially due to high pricing relative to buyer readiness or preferences.
- Notably, there have been no sales recorded in the past 30 days, reflecting zero recent transactions, which could indicate either market overpricing or limited buyer engagement in this specific segment of the Metro Phoenix Area. Over the last 6 months, sales activity remains absent, contrasting the one sale recorded 15 months ago at an average price of $9,999.
This ongoing trend maintains the market's status quo, suggesting that while there is a single active listing, broader market dynamics are causing sluggish movement overall. Buyers looking for land may need to adjust expectations or market engagement strategies, given the current stagnation in activity. Sellers, too, may need to consider the implications of extended DOM on potential pricing adjustments moving forward.
Brian Adamski, Realtor
Guiding You Home in 85044 | Helping You Move Forward with Confidence
480-405-1265
