Your Localized Market Report

Phoenix, AZ 85027

Single-Family Homes

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Phoenix, AZ 85027

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85027 is $424,450 with the market action index hovering around 80. This is less than last month's market action index of 87. Inventory has decreased to 16. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Phoenix, AZ 85027

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85027 is $424,450 with the market action index hovering around 80. This is less than last month's market action index of 87. Inventory has decreased to 16. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $424,450
Median Price of New Listings $379,900
Per Square Foot $298
Average Days on Market 33
Median Days on Market 21
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent $2,260
Market Action 80
Strong Seller's Market

While this week the median price in this zip code didn’t fluctuate much, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$626,500 2,394 0.25 - 0.5 acre 3 2 46 0 1 17
$430,500 1,661 8,000 - 10,000 sqft 3 2 41 1 0 21
$402,950 1,301 6,500 - 8,000 sqft 3 2 37 1 2 31
$346,250 1,191 6,500 - 8,000 sqft 3 2 40 3 0 24