85017 Zip Code Real Estate Market Extends Weakening in Home Prices

In this week's report, the number of homes sold in the 85017 zip code market slid to 26 over the past 30 days, a decrease of 23.5% from last week's report, but still above the monthly average. On the other hand, the close-by 85301 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. The median sales price of homes sold came in at $122,500, which extended a downward swing in price to four weeks. There are only three months of inventory available in the 85017 zip code, so it's still a seller's market, despite the falling prices.

If you have a tight budget for your next home, begin the search with these low-cost listings in the 85017 zip code:

$107K   $115K   $119K  

Get started right now by checking out 85017 homes for sale or reviewing 85017 real estate trends.

Demographic facts about the 85017 zip code:

  • The median house value here is $48,100.
  • The area gets an average of 30 rainy days each year. (U.S. average: 100)
  • The unemployment rate is 8.8%.
  • The students per teacher ratio in this area is 19.3:1. (15.3:1 = national average)

Data reported through 10/19/2016

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