Phoenix, Arizona is the 12th largest metro area by population in the United States. Located in the northeastern reaches of Sonoran Desert, Phoenix has a subtropical desert climate.
Phoenix Real Estate 85040 is a urban zip code in Phoenix, Arizona. The population is racially diverse,younger, and about evenly divided between singles and married couples. The average house value here ($81,400) is lower than in the Phoenix-Mesa-Scottsdale metro area as a whole, so this could be a great place to look for housing bargains.
The median age here is 26.5. There are 32,140 men and 30,808 women. The median age for men is 26.1 while for women the median age is 26.8.
Phoenix Real Estate 85040 Price Trends – Sold vs. Listed
The median list price in December for single family homes in Phoenix is$79,000. The list prices increased by 4.08% from the previous month.
The price per square foot for listings in this area is $62.
The median sale price in August for single family homes is $57,000. The sale prices increased by 7.54% from the previous month.
Phoenix Real Estate 85040 Market Inventory Trends
The number of active listings in Phoenix increased by 4.2% from the previous month.
The median number of days active properties have been listed is 37. This is significantly shorter than the national average.
The number of sales in August dropped by 65.1% from the previous month.
The percent of owner occupied properties in Phoenix is 16.86%below the national average.
The percent of rental properties in Phoenix is 17.64% above the national average which is typical for urban areas.
Statistics for Single Family Homes and Condos 85040
Looking for a detailed information on Phoenix Real Estate 85040 Market Trends, email or call us at 480-595-6412 and we will be able to provide you with all the necessary market trends and Phoenix current listings available.
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