Lawyers Title Market Report

Phoenix, AZ 85085

Single-Family Homes

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Phoenix, AZ 85085

Fri Aug 23 2019
This week the median list price for Phoenix, AZ 85085 is $454,517 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 115. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85085

Fri Aug 23 2019
This week the median list price for Phoenix, AZ 85085 is $454,517 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 115. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $454,517
Per Square Foot $171
Days on Market 86
Price Decreased 51%
Price Increased 8%
Relisted 1%
Inventory 115
Median House Rent $1,899
Most Expensive $1,350,000
Least Expensive $262,000
Market Action Index
Slight Seller's Advantage
38

We continue to see prices in this zip code bounce 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
$682,500 3,480 0.5 - 1 acre 4 3 5 2 2 118
$515,000 3,322 8,000 - 10,000 sqft 4 3 9 0 5 84
$425,000 2,703 4,500 - 6,500 sqft 4 2 11 3 4 87
$349,900 1,928 0 - 4,500 sqft 3 2 13 6 10 57