Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Sun Jan 29 2023
This week the median list price for Phoenix, AZ is $485,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 1,901. 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.

Slight Seller's Advantage

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

Sun Jan 29 2023
This week the median list price for Phoenix, AZ is $485,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has decreased to 1,901. 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.

Slight Seller's Advantage

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 $485,000
Median Price of New Listings $502,500
Per Square Foot $285
Average Days on Market 91
Median Days on Market 77
Price Decreased 59%
Price Increased 3%
Relisted 7%
Inventory 1,901
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$999,900 2,807 0.25 - 0.5 acre 4 3 31 71 56 77
$570,000 1,996 6,500 - 8,000 sqft 3 2 34 70 74 77
$424,999 1,633 6,500 - 8,000 sqft 3 2 44 54 75 84
$344,000 1,337 6,500 - 8,000 sqft 3 2 55 67 98 70