85016 Zip Code Real Estate Market Slumps to Contracts Bottom

There were 72 homes sold in the 85016 zip code market over the last 30 days, but 37 contracts were executed. This marks the lowest amount since January, and could be a sign that the market is approaching a low. During the same time frame, 85018 had the most of any other neighboring zip codes with 49 contracts executed. Potential buyers should take note that prices are coming down in the 85016 zip code, with the median sales price dropped to $243,750. Inventory is also shrinking, now down to four months worth still available.

You can be the one to discover a gem in the 85016 zip code by checking out these new listings:

$309K   $269K   $3.2M  

Get started right now by checking out 85016 homes for sale or reviewing 85016 real estate trends.

Demographic facts about the 85016 zip code:

  • The median age of all homes in the area is 38 years old.
  • The job growth rating in this area is 77. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $4,380. ($5,691 = national average)

Data reported through 10/12/2016

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