85302 Zip Code Real Estate Market Hits Contracts Low

The 85302 zip code market seems to be approaching a low, as the number of contracts executed fell to 29, the lowest levels since January. Meanwhile, sales came in at 45 homes sold over the last 30 days. When comparing other close-by zip codes within the same period, the most came from the 85382 zip code with 49 contracts executed. The median sales price rose to $183,000 over the latest reporting period for the 85302 zip code, up from $175,000. Despite the falling contracts numbers, there are only three months of inventory remaining, indicating that the 85302 zip code is a still seller's market.

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Demographic facts for the 85302 zip code:

  • The population density is 5,976.0 people per square mile.
  • The lifestyle rating for this area is 41. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 78.0% by car, 13.2% by carpool, and 2.8% by public transit.

Data reported through 10/13/2016

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