Real Estate Market Update for 85054 (Phoenix, AZ)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was up nearly 125% from one year earlier, and up 1% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 36%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 400-thousand dollars. The number of units sold was consistent year-over-year, and held steady month-over-month. ... an indication that local market conditions were basically unchanged. 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 85054 (Phoenix, AZ)
Area Information for 85054 (Phoenix, AZ)
  • Population: 5,439
  • Median Age: 34.4 yr
  • Median Commute Time: 28.56 mins
  • Sales Tax: 6.3%
  • Population Density: 604/sq mi
  • Population Change Since 2000: 102.04%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest Jr. College: Paralegal Institute
  • Median Household Income: $67,388
  • Annual Residential Turnover: 20.77%
  • Median Years in Residence: 2.6 yr
  • Median Home Sales Price: $265,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: -15%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85054 (Phoenix, AZ)
Median Age: 34.4 Married: 28% Number of Households: 3,019 Households with Children: 481
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
      Local Weather for 85054 (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.