Real Estate Market Update for 85042 (Phoenix, AZ)

Video: Real Estate Community Tour for 85042 (Phoenix, AZ)

See Real estate community tour for 85042 (Phoenix, AZ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 10% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 2%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 180-thousand dollars. The number of units sold decreased 15% year-over-year, and increased 10% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
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Map Information for 85042 (Phoenix, AZ)
Area Information for 85042 (Phoenix, AZ)
  • Population: 42,778
  • Median Age: 32.49 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 2,845/sq mi
  • Population Change Since 2000: 23.64%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Collins College
  • Closest Jr. College: South Mountain Community College
  • Median Household Income: $49,771
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $148,000
  • Closest Major Sports Team: Azl Angels (r)
  • Change Avg. Household Income Since 2000: 32.8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85042 (Phoenix, AZ)
Median Age: 32.49 Married: 31% Number of Households: 13,852 Households with Children: 4,517
    • 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 85042 (Phoenix, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      Aaec South Mountain Early College High School 0.2 mi Public 9-12 3 4
      T G Barr School 0.6 mi Public PRESCHOOL-8 0 0
      91st Psalm Christian School 0.7 mi Private PRESCHOOL-12 0 0
      Cloves C Campbell Sr Elementary School 0.7 mi Public K-8 2 0
      Desert Marigold School 0.7 mi Public PRESCHOOL-12 5 0
      Tutor Time Child Care / Learning Centers 1.0 mi Private K-K 0 0
      Amy L. Houston Academy 1.8 mi Public K-8 0 0
      C O Greenfield School 1.8 mi Public 4-8 1 0
      John F Kennedy Elementary School 1.8 mi Public K-3 0 0
      Awakening Seed School 1.8 mi Private PRESCHOOL-4 0 0
      Arizona Cultural Academy 2.0 mi Private PRESCHOOL-12 0 0
      Nevitt Elementary School 2.5 mi Public PRESCHOOL-5 3 0
      Nfl Yet College Prep Academy 2.5 mi Public 7-12 2 2
      Quest High School 2.6 mi Public 9-12 1 0
      Maxine O Bush Elementary School 2.6 mi Public K-8 1 0
      St Catherine Of Siena 2.7 mi Catholic PRESCHOOL-8 0 0
      South Pointe High School 2.7 mi Public 9-12 0 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: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 85042 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.