Maricopa, AZ

The housing market in ZIP 85139 is currently classified as Accelerated. While the median listing price and median price per square foot show a modest year-over-year decline, the significant reduction in active and new listings, coupled with a notable increase in the pending ratio, indicates a market with growing momentum.

The median listing price in ZIP 85139 stands at $369,495, representing a MoM decrease of 2.8% and a YoY decrease of 2.5%. Concurrently, the median price per square foot is $187, a YoY decrease of 2.2%. Despite these price adjustments, active listings have decreased by 22.2% year-over-year to 91 units, and new listings have seen a substantial 30.8% YoY decline to 36 units. The median days on market have extended to 65 days, a 27.5% increase year-over-year. However, the pending ratio has increased significantly by 21.7% year-over-year, reaching 0.67, with 61 pending listings.

The reduced inventory, reflected in the 22.2% year-over-year decrease in active listings and the 30.8% year-over-year decrease in new listings, suggests increasing inventory pressure. This constriction in supply, combined with a 21.7% year-over-year increase in the pending ratio, indicates an accelerating pace of transactions. While median days on market have increased, the strong pending ratio points to an environment where buyers face a more competitive landscape, influencing their ability to exercise price discipline.

The average listing price of $431,752, compared to the median listing price of $369,495, indicates a spread of $62,257. The median price per square foot is $187. The YoY increase in the average listing price by 7.3%, in contrast to the YoY decrease in the median listing price by 2.5%, suggests that properties at the higher end of the market are demonstrating price appreciation, contributing to the elevated average. This dynamic points to sustained demand for premium offerings within the ZIP code, despite broader median price adjustments.