85048 Homes Market Overview
85048 Homes Market Highlights
As of May 6, 2025, the single-family home market in 85048 showcases intriguing dynamics that reflect both opportunities and challenges for buyers and sellers.
- Active listings have increased significantly, now totaling 136, compared to 108 just three months ago, indicating a rise in available inventory.
- Meanwhile, the average sold price has decreased to $713,959 over the last month, a notable drop from $807,723 three months prior.
- The Days on Market (DOM) for active listings is currently at 69 days, highlighting a lengthening process for current properties.
- Months of inventory are at 3.7, suggesting the market is not overly saturated but improving for those looking to list or buy.
Curious how the 85048 Homes market has changed over time?
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85048 Homes Market Report
An In-Depth Look at the 85048 Homes Market
The current state of the single-family home market in 85048, as of May 6, 2025, provides a complex landscape influenced by various emerging trends.
Over the past month, the number of active listings has climbed to 136, reflecting an increase in home availability that hasn't been seen in recent months, as there were only 82 active listings six months ago. This increase in listings has resulted in a current months of inventory statistic of 3.7, a notable rise suggesting less urgency in the market compared to three months ago when it sat at just 5.1 months. This infusion of new properties can offer buyers more options and potentially lessen the competition for desirable homes.
Contrastingly, the average sold price has experienced a downward shift, currently at $713,959, down from $807,723 three months ago. This trend indicates a market adjustment where buyers may have more leverage to negotiate, though sellers should remain cognizant of pricing strategies to attract offers in a still-competitive environment. With average sold prices declining, it's important for sellers to position their asking prices strategically to avoid extended DOM, which currently stands at 69 days for active listings, an increase from the previous average of 50 days demonstrated over the last quarter. The rising DOM may indicate a stabilization period where listings are taking longer to close, suggesting that buyers are being more discerning.
For those considering entering the market, it's essential to recognize the easing pressure on pricing and the shifting dynamics in buyer-seller negotiations. Navigating this landscape successfully may involve assessing comparable listings in terms of both recent sold prices and current listings. The overall environment remains conducive for buyers, whose choices have expanded significantly, while sellers must adapt their strategies to align with these evolving trends.
Brian Adamski, Realtor
Extensive Experience in 85048 | Helping You Move Forward with Confidence
480-405-1265
