Your Localized Market Report

Phoenix, AZ 85041

Single-Family Homes

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Phoenix, AZ 85041

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85041 is $432,950 with the market action index hovering around 75. This is about the same as last month's market action index of 75. Inventory has decreased to 40. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ 85041

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85041 is $432,950 with the market action index hovering around 75. This is about the same as last month's market action index of 75. Inventory has decreased to 40. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $432,950
Median Price of New Listings $399,000
Per Square Foot $244
Average Days on Market 46
Median Days on Market 35
Price Decreased 33%
Price Increased 3%
Relisted 3%
Inventory 40
Median Rent $2,165
Market Action 75
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$582,500 2,377 6,500 - 8,000 sqft 4 3 17 1 3 66
$467,450 2,265 6,500 - 8,000 sqft 4 2.8 15 2 2 52
$413,000 1,702 6,500 - 8,000 sqft 3 2 16 3 3 31
$347,950 1,234 4,500 - 6,500 sqft 3 2 56 5 5 14