Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Sat Sep 19 2020
This week the median list price for Phoenix, AZ is $465,500 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 1,128. 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

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

Sat Sep 19 2020
This week the median list price for Phoenix, AZ is $465,500 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 1,128. 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

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 $465,500
Per Square Foot $224
Days on Market 59
Price Decreased 33%
Price Increased 7%
Relisted 5%
Inventory 1,128
Median Rent $1,933
Most Expensive $8,900,000
Least Expensive $79,000
Market Action 73
Strong Seller's Market

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
$1,199,000 3,788 0.25 - 0.5 acre 4 3 25 43 43 108
$577,000 2,397 8,000 - 10,000 sqft 4 2 30 77 59 50
$375,750 1,771 0 - 4,500 sqft 3 2 40 93 86 43
$259,900 1,432 0 - 4,500 sqft 3 2 48 150 132 32