Real Estate Market Update for 85004 (Phoenix, AZ)
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 21% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 33% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 85004 (Phoenix, AZ)
Area Information for 85004 (Phoenix, AZ)
  • Population: 5,013
  • Median Age: 32.35 yr
  • Median Commute Time: 17.29 mins
  • Educational Climate*: 3
  • Sales Tax: 6.3%
  • Population Density: 2,457/sq mi
  • Population Change Since 2000: -1.49%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Grand Canyon University
  • Closest Jr. College: Phoenix College
  • Median Household Income: $29,808
  • Annual Residential Turnover: 25.87%
  • Median Years in Residence: 2.05 yr
  • Median Home Sales Price: $179,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85004 (Phoenix, AZ)
Median Age: 32.35 Married: 10% Number of Households: 2,265 Households with Children: 289
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85004 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Phoenix Union Bioscience High School 0.2 mi Public 9-12 5 4
      Montessori Reed School 0.4 mi Private PRESCHOOL-K 0 0
      School For Integrated Academics And Technologies 0.7 mi Public UNGRADE-UNGRADE 0 0
      Summit Elementary School 0.7 mi Public K-8 3 3
      Arizona School For The Arts 0.8 mi Public 5-12 5 4
      Genesis Academy 0.9 mi Public 9-12 1 0
      Arizona Academy Of Science And Technology 1.1 mi Public K-8 2-5 3
      St. Mary's Catholic High School 1.5 mi Catholic 9-12 0 4
      Khalsa Montessori Elementary School - Phoenix 1.6 mi Public PRESCHOOL-6 5 4
      Friendly House Academia Del Pueblo Elementary School 1.6 mi Public K-8 2 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 85004 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.