Lawyers Title Market Report

Phoenix, AZ 85041

Single-Family Homes

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Phoenix, AZ 85041

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85041 is $400,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has held steady at or around 23. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Phoenix, AZ 85041

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85041 is $400,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has held steady at or around 23. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $400,000
Median Price of New Listings $355,000
Per Square Foot $237
Average Days on Market 22
Median Days on Market 7
Price Decreased 4%
Price Increased 13%
Relisted 4%
Inventory 23
Median Rent $1,938
Market Action 99
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,150,000 3,400 1 - 2.5 acres 3 3 15 1 0 70
$474,975 3,169 0.25 - 0.5 acre 4 2 16 3 2 3
$357,500 1,656 6,500 - 8,000 sqft 4 2 17 4 3 0
$305,000 1,218 4,500 - 6,500 sqft 3 2 18 5 6 0