Homes for Sale in 85048
Brian Adamski, Realtor
Area Expert
Top 3% in Arizona
85048 Market Overview
Highlights
As of March 16, 2025, the single-family homes market in 85048 has shown notable shifts, reflecting evolving buyer and seller dynamics.
- Over the past month, active listings have expanded to 120, a significant increase from 78 three months ago.
- This growth in inventory has influenced the average price per square foot, which increased to $318 compared to $315 three months ago.
- Meanwhile, the days on market (DOM) for active listings has decreased to an average of 68 days, down from 85 days, suggesting a quicker market.
- Sold prices have risen to an average of $806,808, indicating strong demand despite the growing inventory.
Market Snapshot as of 3.16.2025 | Inventory and Pricing |
---|---|
Active Listings: | 80 |
Avg Price: | $871,271 |
Avg Days on Market: | 68 |
Avg Price per Sqft: | $318 |
Months of Inventory: | 4.6 |
Sold Listings (last mo): | 40 |
Avg Price: | $806,808 |
Avg Days on Market: | 39 |
Avg Price per Sqft: | $304 |
Sold Listings (last 3 mos): | 78 |
Avg Price: | $783,091 |
Avg Days on Market: | 56 |
Avg Price per Sqft: | $302 |
Highlights
As of March 16, 2025, the condo/townhome market in 85048 exhibits distinctive changes that reflect broader trends in the Metro Phoenix Area.
- Over the past month, the number of active listings has increased to 27, a noticeable jump from the 16 active listings reported three months ago.
- Monthly inventory now stands at 13.5 months, suggesting a significant slowdown in the market.
- Sold prices have dropped to an average of $255,000, contrasting with the $305,500 average just three months ago, indicating price sensitivity among buyers.
- The Days on Market (DOM) has also expanded to 77 days, up from 99 days, suggesting that properties are taking longer to sell and further reflecting a cooling market.
Market Snapshot as of 3.16.2025 | Inventory and Pricing |
---|---|
Active Listings: | 22 |
Avg Price: | $332,843 |
Avg Days on Market: | 77 |
Avg Price per Sqft: | $313 |
Months of Inventory: | 13.5 |
Sold Listings (last mo): | 1 |
Avg Price: | $255,000 |
Avg Days on Market: | 42 |
Avg Price per Sqft: | $366 |
Sold Listings (last 3 mos): | 6 |
Avg Price: | $283,278 |
Avg Days on Market: | 71 |
Avg Price per Sqft: | $339 |
Highlights
As of March 16, 2025, the land market in 85048 reflects ongoing shifts that are capturing the attention of prospective buyers and sellers alike.
- Currently, the number of active listings has stabilized at 10 over the past month.
- This is a slight decline from 11 active listings three months ago.
- Months of inventory, meanwhile, stands at a notable 0.0, indicating that homes are being absorbed quickly.
- The average price of active listings has climbed to $538,500, which is an increase compared to $497,091 three months prior.
- Generally, the market appears to favor sellers given the low inventory levels and strong pricing trends.
Market Snapshot as of 3.16.2025 | Inventory and Pricing |
---|---|
Active Listings: | 10 |
Avg Price: | $538,500 |
Avg Days on Market: | 262 |
Avg Price per Sqft: | $10 |
Months of Inventory: | 0.0 |
Sold Listings (last mo): | 0 |
Avg Price: | $0 |
Avg Days on Market: | 0 |
Avg Price per Sqft: | $0 |
Sold Listings (last 3 mos): | 0 |
Avg Price: | $0 |
Avg Days on Market: | 0 |
Avg Price per Sqft: | $0 |
Highlights
Market Snapshot as of 3.16.2025 | Inventory and Pricing |
---|---|
Active Listings: | 0 |
Avg Price: | $0 |
Avg Days on Market: | 0 |
Avg Price per Sqft: | $0 |
Months of Inventory: | 0 |
Sold Listings (last mo): | 0 |
Avg Price: | $0 |
Avg Days on Market: | 0 |
Avg Price per Sqft: | $0 |
Sold Listings (last 3 mos): | 0 |
Avg Price: | $0 |
Avg Days on Market: | 0 |
Avg Price per Sqft: | $0 |
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
Current as of 3.16.2025 | Listings | Avg Price | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|
Active | 80 | 871,271 | 318 | 68 | 425,000 | 9,750,000 | 1 |
Under Contract | 40 | 702,595 | 306 | 56 | 400,000 | 2,200,000 | 2 |
Coming Soon | 3 | 960,000 | 328 | 0 | 740,000 | 1,200,000 | 3 |
Sold as of 3.16.2025 | Listings | Avg Price | YoY | Price per Sqft | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 78 | 783,090 | 0.0 | 302 | 55 | 98 | 96 | 440,000 | 2,175,000 |
Last 6 mos | 171 | 736,508 | 0.0 | 301 | 54 | 98 | 96 | 370,000 | 2,175,000 |
Last 12 mos | 364 | 728,891 | 0.0 | 299 | 45 | 98 | 96 | 370,000 | 2,490,000 |
2025 | 72 | 801,482 | 14.3 | 306 | 46 | 98 | 98 | 440,000 | 2,175,000 |
2024 | 363 | 701,134 | 3.4 | 296 | 44 | 99 | 97 | 370,000 | 2,490,000 |
2023 | 317 | 678,374 | -1.5 | 284 | 44 | 98 | 96 | 350,000 | 2,150,000 |
2022 | 452 | 688,532 | 16.7 | 295 | 31 | 100 | 99 | 376,000 | 2,470,000 |
2021 | 699 | 590,146 | 21.9 | 248 | 20 | 102 | 102 | 319,000 | 3,000,000 |
An In-Depth Look at 85048 Houses
The current single-family homes market in 85048, as of March 16, 2025, illustrates a nuanced evolution influenced by varying inventory levels, price adjustments, and changes in days on market.
Currently, the number of active listings has risen significantly to 120 over the past month, a clear increase from 78 three months ago. This growth contributes to a months of inventory standing at 4.6, indicating a balanced market that neither firmly favors buyers nor sellers.
As for pricing dynamics, the average price per square foot for active listings has edged higher to $318, compared to $315 three months ago, reflecting a slight upward trajectory amidst heightened inventory. In terms of sales, the average sold price has reached $806,808, a considerable increase from $685,419 three months ago. This significant booster in average sold prices could suggest that, while more listings are entering the market, there remains robust competition among buyers.
Interestingly, the average DOM for active listings has improved, currently at 68 days, down from 85 days. This decrease indicates faster turnover for homes, meaning buyers are likely responding positively to the available inventory, enhancing the selling environment. This trend is bolstered by a high sold price to original list price percentage, currently at 99%, which demonstrates the ability of properties to command prices close to their asking.
Additionally, looking back six months, the DOM was even higher at 94 days, coupled with an average sold price of $629,882, underscoring how swiftly these metrics have progressed into a healthier market response.
Overall, the balance of expanding inventory levels with rising sold prices and reduced days on market signals a promising landscape for potential buyers and sellers, where strategic approaches can maximize benefits. As inventory continues to grow, carefully positioned pricing and responsiveness to market trends will be essential for achieving successful transactions in the coming months.
Current as of 3.16.2025 | Listings | Avg Price | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|
Active | 22 | 332,843 | 313 | 77 | 258,000 | 425,000 | 1 |
Under Contract | 6 | 285,883 | 306 | 90 | 219,000 | 350,000 | 2 |
Coming Soon | 1 | 350,000 | 305 | 0 | 350,000 | 350,000 | 3 |
Sold as of 3.16.2025 | Listings | Avg Price | YoY | Price per Sqft | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 6 | 283,277 | 0.0 | 338 | 71 | 97 | 94 | 255,000 | 329,000 |
Last 6 mos | 21 | 292,706 | 0.0 | 321 | 69 | 97 | 93 | 204,500 | 400,000 |
Last 12 mos | 48 | 292,747 | 0.0 | 325 | 55 | 97 | 94 | 200,000 | 450,000 |
2025 | 4 | 294,625 | -3.5 | 335 | 68 | 99 | 96 | 255,000 | 329,000 |
2024 | 56 | 305,227 | -0.8 | 316 | 53 | 98 | 96 | 200,000 | 466,000 |
2023 | 74 | 307,824 | -7.9 | 304 | 40 | 98 | 97 | 215,000 | 485,000 |
2022 | 80 | 334,348 | 20.1 | 314 | 17 | 100 | 100 | 206,000 | 609,000 |
2021 | 150 | 278,383 | 30.9 | 269 | 17 | 101 | 101 | 153,500 | 435,000 |
An In-Depth Look at 85048 Condos
As we delve deeper into the condo/townhome market in 85048 from an analytical perspective, a broader view of the current metrics underscores the evolving landscape.
Active Listings: The number of active listings has grown significantly, now totaling 27, an increase of 68.75% from three months ago when the count was only 16. This increase in inventory is significant as it marks a shift in the dynamics of supply and demand in the region. It might indicate that sellers are becoming more willing to list their properties, perhaps in anticipation of favorable selling conditions or as a response to rising competition.
Months of Inventory: At 13.5 months, the market currently reflects a considerable supply relative to demand. For comparison, this is a marked rise from just 3.4 months three months ago, illuminating a dramatic shift toward a buyer's market. Investors and potential buyers will find greater choices and leverage, which may lead to negotiating power on offers.
Sold Prices: The average sold price has seen a decline to $255,000 over the last month, down significantly from $305,500 in the preceding three-month period. This decrease may suggest that sellers are adjusting their pricing strategies to attract offers in a warmer inventory climate, aligning their expectations with buyers' willingness to pay.
Days on Market (DOM): Sales activity has seen the average DOM expand to 77 days, highlighting that properties are lingering on the market longer than in the past. Notably, this is a change from 99 days three months ago, indicating a trend of buyer hesitation or more extensive vetting before purchasing decisions.
In summary, the 85048 condo/townhome market is moving toward a more balanced and buyer-favorable environment, marked by a notable expansion in inventory levels, a substantial decline in average sold prices, and an increased duration in the Days on Market. This landscape indicates potential opportunities for buyers to negotiate offers more to their advantage as they take advantage of the broader range of choices available.
Current as of 3.16.2025 | Listings | Avg Price | Price per Acre | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|---|
Active | 10 | 538,500 | 452,852 | 10 | 262 | 375,000 | 895,000 | 1 |
Under Contract | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
Coming Soon | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
Sold as of 3.16.2025 | Listings | Average Price | YoY | Price per Sqft | Price per Acre | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 0.0 | 0 | 0 | 0 | 0 | 0 | ||||
Last 6 mos | 2 | 374,500.0 | 0.0 | 3 | 155,976 | 1,108 | 89 | 84 | 330,000 | 419,000 |
Last 12 mos | 3 | 349,666.7 | 0.0 | 2 | 109,922 | 779 | 84 | 81 | 300,000 | 419,000 |
2024 | 5 | 355,800.0 | 58.1 | 6 | 258,974 | 1,427 | 88 | 82 | 300,000 | 419,000 |
2023 | 2 | 327,450.0 | -42.1 | 4 | 163,822 | 385 | 93 | 86 | 255,000 | 399,900 |
2022 | 8 | 501,613.0 | -26.7 | 6 | 282,700 | 109 | 91 | 81 | 300,000 | 962,900 |
2021 | 9 | 385,100.0 | 74.9 | 9 | 385,881 | 303 | 94 | 95 | 199,900 | 750,000 |
2020 | 5 | 326,800.0 | -37.4 | 5 | 220,605 | 269 | 88 | 85 | 110,000 | 589,000 |
An In-Depth Look at 85048 Land
The current land market in 85048, as of March 16, 2025, presents a unique landscape characterized by a remarkable lack of supply relative to demand, as evident in several key metrics.
Active Listings & Market Absorption: The total number of active listings remained consistently low at 10 over the past month, down from 11 three months ago. This slight decrease signifies a tightening market, evidenced by the months of inventory metric, which currently stands at 0.0. This is a sharp contrast to the more balanced market seen six months ago, where the market contained 7 active listings and had a months of inventory reading at 7.0. The rapid absorption rate suggests that properties are being purchased almost as soon as they are listed.
Price Trends: The average price of active listings has risen to $538,500, a significant increase from $497,091 three months ago and $446,928 six months ago. This price appreciation correlates with the decreased availability of land, making it increasingly valuable. Moreover, it illustrates buyer willingness to invest at higher price points under the current supply constraints.
Days on Market (DOM): The average DOM for properties currently remains relatively high at 260 days, a figure used for pricing strategy by sellers. High DOM might also hint at a discerning buyer base that is increasingly selective in their purchasing decisions.
Comparative Context: When compared to historical performance, these price levels are markedly higher than just a year ago when the average price per square foot was reported at just $6. Despite the significant increase in average prices for active listings, average sold prices remained stagnant at 0 for sold listings recently, indicating a potential gap between buyer expectations and seller pricing.
Market Outlook: As the market continues to show low inventory, it likely favors sellers who can hold out for top dollar offers. In light of these dynamics, buyers may find value in entering the market sooner rather than later, given the trend of rising prices could foreseeably accelerate as demand persists under low supply conditions.
This snapshot of the 85048 land market reveals an intriguing scenario where the balance of supply and demand is distinctly skewed towards sellers, shaping both pricing strategies and overall market activity.
Current as of 3.16.2025 | Listings | Avg Price | Price per Unit | Price per Sqft | Rent per Unit | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|---|---|
Active | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Under Contract | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
Coming Soon | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 |
Sold as of 3.16.2025 | Listings | Avg Price | YoY | Price per Unit | Price per Sqft | Price per Unit | Rent per Unit | Sold Price to Orig List Price | Days on Market | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Last 6 mos | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Last 12 mos | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 |


Brian Adamski, Realtor
Area Expert
Top 3% in Arizona
480-405-1265
