Phoenix Real Estate 85050 Market Trends

Phoenix is America's sixth largest city - a sophisticated and highly urbanized region of more than 1.4 million people. Phoenix real estate 85050 is a urban zip code in Phoenix, Arizona. The population is primarily white,and mostly married couples. Looking for higher-end houses? Real estate prices here ($161,100) are significantly above average for the Phoenix-Mesa-Scottsdale metro area.

The median age here is 33.9. There are 9,259 men and 9,918 women. The median age for men is 33.3 while for women the median age is 34.6.

85050 Zip code is located in the Mountain time zone.

Phoenix Real Estate 85050 Price Trends - Sold vs. Listed

The median list price in January for single family homes in Phoenix is $402,750. The list prices dropped by -2.52% from the previous month.

The price per square foot for listings in this area is $156.

The median sale price in September for single family homes is $325,000. The sale prices increased by 21.81%from the previous month.

Market Inventory Trends

The number of active listings in Phoenix dropped by 3.9% from the previous month.

The median number of days active properties have been listed is 52. This is significantly shorter than the national average.

The number of sales in September dropped by 56% from the previous month.

Phoenix Real Estate 85050 Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

Statistics for Single Family Homes and Condos, 85050

Looking for a real estate property in Phoenix Arizona, 85050? Email or call us at 480-595-6412. You may also visit our website at  http://www.phoenixrealestatequest.com/

This article is brought to you by the Luxury Valley Homes team.