85045 Real Estate Market Overview
85045 Market Highlights
As of May 6, 2025, the residential real estate market in 85045 shows intriguing dynamics impacting both buyers and sellers.
- Active listings have expanded significantly over the past month, reaching 61, a considerable rise from 34 three months ago.
- The average sold price has marked a notable increase to $846,056, compared to $786,168 three months prior, highlighting a strengthening market.
- Additionally, the days on market (DOM) for active listings reflect a longer selling period at 74 days, up from 123 days in the previous three months.
Curious how the 85045 market has changed over time?
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An In-Depth Look at the 85045 All Property Types Market
The residential real estate market in 85045 has undergone noticeable changes over the past few months, evidenced by several key metrics. As of now, the number of active listings has surged to 61, up from 34 just three months ago. This growth in inventory is notable, suggesting an influx of new properties and potentially indicating that sellers are becoming more confident in the current market conditions.
When observing the sold listings, the average sales price has increased to $846,056, reflecting strong demand. This contrasts with the average sold price of $786,168 from three months ago, marking a substantial gain that may be attributed to lower inventory levels at the time, which often drives prices upward.
Interestingly, the average DOM for active listings is currently at 74 days, a significant decrease from 123 days three months back. This reduction reflects a faster market pace, suggesting that properties are moving more quickly than in past months, potentially due to more competitive pricing alongside improved buyer sentiment.
Moreover, the months of inventory currently sit at 5.7, showing a slight decrease from 6.8 three months ago. A months of inventory figure below 6 typically indicates a seller's market, where demand begins to outpace supply. However, with inventory rising, it presents a balanced market, inviting buyers to negotiate better terms while allowing sellers an expanding choice of potential buyers.
In summary, the dynamics between increased active listings and rising sales prices, accompanied by quicker sales indicated by reduced DOM, provide an insightful look at the shifting landscape in 85045. These trends emphasize the importance for potential buyers to act decisively while the market is favorable. For sellers, this is an encouraging time to consider listing their properties as the upward momentum in prices signals buyer readiness to invest.
Info About 85045
Homes for Sale in 85045
Living in 85045
- Family-Friendly Community: The 85045 area is highly sought after for its peaceful suburban environment and breathtaking natural scenery, attracting families, retirees, and outdoor enthusiasts. It’s a community focused on safety and connection, making it an ideal place for those seeking a calm lifestyle.
- Outdoor Activities: Bordering South Mountain, 85045 offers plenty of opportunities for hiking, mountain biking, and nature exploration. Residents enjoy a variety of trails, such as the Telegraph Pass, perfect for weekend adventures.
- Climate: Known for its sunny skies and warm desert climate, 85045 is a place where residents can enjoy outdoor activities year-round.
Schools in 85045
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- Kyrene School District: Families in 85045 benefit from the Kyrene School District, which serves elementary and middle school students with a focus on academic excellence and extracurricular involvement.
- High School Options: High school students attend Desert Vista High School, a reputable institution that offers diverse academic programs and an active sports culture.
- Charter and Private Schools: Parents in 85045 also have access to charter and private schools that provide alternative educational options with specialized programs and curricula.
Lifestyle in 85045
- Community Parks: In addition to South Mountain Park, the area has multiple local parks where families can enjoy playgrounds, sports fields, and picnic areas. The lifestyle in 85045 is very much centered around active living and outdoor recreation.
- Shopping and Dining: Shopping and dining options are close by, with local centers offering everything from groceries to family-friendly eateries. For a larger selection, residents can visit nearby retail hubs in Ahwatukee or Chandler.
Amenities in 85045
- Transportation Access: Conveniently located near Loop 202 and I-10, 85045 offers a short commute to downtown Phoenix and easy access to other parts of the Valley.
- Healthcare Services: Local healthcare options are plentiful, with nearby hospitals and medical offices providing quality care for residents in 85045.
Real Estate in 85045
- Home Styles: Homes for sale in 85045 include a range of properties, from elegant single-family homes to upscale properties in gated communities. Many homes feature scenic mountain views and luxury amenities.
- Price Range: The real estate market in 85045 tends to be more upscale, with home prices reflecting the area’s desirability and proximity to outdoor attractions.
- Market Trends: Homes for sale in 85045 maintain strong demand, attracting buyers looking for a safe, community-oriented area with excellent amenities and natural beauty.
Brian Adamski, Realtor
Top Producing Agent | Helping You Move Forward with Confidence
480-405-1265
