85048 Real Estate Market Overview
85048 Market Highlights
As of May 5, 2025, the residential real estate market in 85048 shows notable shifts that can impact both buyers and sellers.
- Currently, the total number of active listings has grown to 176 over the past month, an increase from 136 three months ago, indicating a broader selection for potential buyers.
- The average price per square foot for active listings decreased slightly to $288, down from $291 three months ago, showing a minor softening in pricing.
- The average sold price has dropped to $665,662 over the past month from $794,425 three months prior, which suggests buyers may find more favorable negotiation opportunities.
- Days on market (DOM) for active listings increased to 80 days, reflecting a trend towards longer selling periods compared to 99 days three months ago.
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85048 Real Estate Market Report
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The residential real estate market in 85048, as of May 5, 2025, presents mixed signals for those involved in buying or selling properties.
To begin, the number of active listings has expanded to 176 over the past month, rising from 136 three months ago. This increase provides buyers with more options and may lead to a more competitive market where sellers must be more strategic in their pricing to attract offers. Additionally, the months of inventory currently stands at 4.3, a favorable position for buyers as it indicates a balanced market. Historically, a market with fewer than 4 months of inventory leans towards sellers, while above 6 months favors buyers. This slight shift suggests a more favorable environment for those looking to purchase.
In terms of pricing, the average price per square foot for active listings has decreased to $288, compared to $291 just three months ago. This subtle price adjustment may signal a market recognizing the need for adjustments in the asking prices as competition and inventory levels change. Potential buyers could capitalize on this trend as sellers may become more amenable to negotiation.
Turning to sold prices, we see a significant change; the average sold price has dropped sharply to $665,662 over the past 30 days, compared to $794,425 three months ago. This 16% decline indicates a shift in buyer leverage, pointing to an environment where buyers might find better deals than in the previous months.
Finally, the days on market (DOM) for active listings increased to 80 days, higher than 99 days noted three months ago. This longer selling period suggests that properties might be taking more time to sell, indicating potential softness in demand or at least a necessary adjustment period for initial listing prices.
In conclusion, the trends highlighted in the current metrics reveal a market transitioning toward conditions that favor buyers. Sellers are advised to review their pricing strategies and be prepared for potentially longer selling times amid growing inventory levels and dropping sold prices. As the market reflects these trends, both buyers and sellers can strategize accordingly to navigate their positions effectively.
Info About 85048
Homes for Sale in 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.
Brian Adamski, Realtor
Proven Results in 85048 | Committed to Your Success
480-405-1265
