Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85007 is $649,900 with the market action index hovering around 53. This is less than last month's market action index of 54. Inventory has held steady at or around 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$649,900|
|Median Price of New Listings||$400,000|
|Per Square Foot||$411|
|Average Days on Market||86|
|Median Days on Market||63|
|Strong Seller's Market|
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,075,000||2,449||8,000 - 10,000 sqft||3||2||89||0||0||21|
|$762,000||1,679||6,500 - 8,000 sqft||3||1.5||85||0||0||24|
|$592,499||1,639||6,500 - 8,000 sqft||3||2||85||0||1||94|
|$397,450||1,105||6,500 - 8,000 sqft||2||1.5||88||1||1||52|