Sales Increase in 85361 Zip Code Real Estate Market

The 85361 zip code market showed strong improvement in this week's report, as the number of home sales rose 15.4%, pushing the total to 15 homes sold over the last 30 days. Within the same time frame, the 85383 zip code had 106 sales, the most of all zip codes in the area. Prices are falling in the 85361 zip code, and this period the median price of all sales fell from $269,500 to $170,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 85361 zip code is still a definite buyer's market.

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Demographic facts about the 85361 zip code:

  • This area has an average elevation of 1,618 feet.
  • The median income per household is $52,410 in the area.
  • There are 762 students for every counselor. (513 = national average)

Data reported through 10/13/2016

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