Over the last 30 days, 131 homes went under contract in the Goodyear real estate market. This is the lowest amount since January. However, sales are heading upward, climbing to 177 homes sold over the same period and extending a six-week upward trend. The median sales price rose to $206,000 up from last week's $259,000. Rising sales and a low three months of inventory means that Goodyear is a seller's market.
Let's break out Goodyear by zip code to see home buying and selling trends. There are two, 85338 (South I-10) and 85395 (North I-10).
85338 Zip Code Real Estate Market Hits Contract Bottom
Over the last 30 days, 77 homes went under contract in the 85338 zip code market. This is the lowest amount since January. As the market appears to be weakening, there were 92 homes sold over the same period. In comparison, the 85326 zip code had 152 contracts executed in the same time frame, the most of all nearby zip codes. Potential buyers should note that prices went up in the 85338 zip code, with the median for this period rising from $225,000 to $227,500. With only three months of inventory and rising sales, the 85338 zip code is a seller's market.
85338 home values have gone up 6.4% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in 85338 is $121, which is lower than the Goodyear average of $125. The median price of homes currently listed in 85338 is $248,995. The median rent price in 85338 is $1,250, which is lower than the Goodyear median of $1,350. The 85338 zip code is located South of I-10. Popular communities in this zip code include Canyon Trails, Estrella Mountain Ranch, Wildflower and Sarival Gardens.
85395 Zip codes continues strong upward trend in home sales
The median home value in 85395 is $316,500. 85395 home values have gone up 2.0% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in 85395 is $138, which is higher than the Goodyear average of $125.
On top of a 6.6% surge in sales over the last 30 days, the 85395 zip code market extended a six-week hot streak with a total of 65 homes sold in that span. As sales trended higher, prices have been increasing. The median sales price hit $324,000, extending a four-week long spike. The higher trending sales numbers and rising prices, along with the fact that there are a lower-than-normal three months of inventory in the market, confirm that the 85395 zip code is a seller's market. The 85395 zip code is located North of I-10 in Goodyear. Popular communities in this zip code include Palm Valley and PebbleCreek a Robson Retirement Community.
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