85045 Real Estate

85045 All Property Types Market Highlights

As of Nov 11, 2025, the residential real estate market in 85045 shows notable fluctuations in key metrics that are shaping the buying and selling landscape.

• The number of active listings declined slightly to 39, reflecting decreased supply.
• Prices for active listings are averaging $693,244, while sold properties are considerably lower, averaging $503,333.
• Notably, the days on market (DOM) for active listings have increased to 127 days, which could indicate a slower sales pace.
• The current months of inventory stands at 4.1, suggesting a balanced market that favors neither buyers nor sellers overtly.

An In-Depth Look at the 85045 All Property Types Market

The residential real estate market in 85045 is currently exhibiting mixed signals, making it a crucial time for both buyers and sellers.

• Active Listings: The count of active listings has decreased from 41 three months ago to 39 currently. This slight reduction in supply suggests that while options are still available, sellers may not be flooding the market, hinting at a more cautious approach amidst current economic conditions.
• Price Trends: The average price for active listings sits at $693,244, a significant drop from $749,873 just three months prior. Conversely, the current average sold price is at $503,333, showcasing a stark contrast that likely reflects negotiation dynamics and market cooling. Compared to six months ago, when the average sold price was $625,590, this decline represents a 19.5% reduction, underscoring the impact of changing buyer sentiment and market adjustments.
• Days on Market (DOM): Listings have lingered on the market longer, with an average DOM of 127 days, up from 111 days just three months ago. This increase in DOM often indicates less urgency among buyers and can influence seller strategies, potentially leading to more flexible pricing and negotiation strategies.
• Months of Inventory: The current months of inventory is at 4.1, illustrating a balanced market. Inventory levels provide a critical backdrop, as lower inventory often favors sellers, yet the current level suggests there is enough supply to accommodate buyer needs without an overwhelming surplus.
• Market Implications: For sellers, these dynamics highlight the importance of competitive pricing and marketing strategies to attract buyers, especially given increasing DOM. Buyers might leverage this environment to negotiate better terms, especially with the noticeable price adjustments since last year.

Ultimately, the figures within the 85045 residential market serve as a barometer for broader economic conditions and consumer confidence levels, making it imperative for potential buyers and sellers to stay informed and adaptable.