Lawyers Title Market Report

Phoenix, AZ 85009

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ 85009

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85009 is $285,000 with the market action index hovering around 87. This is less than last month's market action index of 90. Inventory has held steady at or around 25. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85009

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85009 is $285,000 with the market action index hovering around 87. This is less than last month's market action index of 90. Inventory has held steady at or around 25. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $285,000
Median Price of New Listings $284,900
Per Square Foot $225
Average Days on Market 28
Median Days on Market 14
Price Decreased 24%
Price Increased 4%
Relisted 4%
Inventory 25
Median Rent $1,449
Market Action 87
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$387,500 1,455 0 - 4,500 sqft 3 2 75 3 1 17
$304,950 1,458 6,500 - 8,000 sqft 3 2 65 2 2 17
$272,000 1,275 6,500 - 8,000 sqft 3 2 74 4 2 0
$190,000 784 6,500 - 8,000 sqft 3 1 75 4 3 21