Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Tue May 18 2021
This week the median list price for Phoenix, AZ is $497,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has increased to 737. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ

Tue May 18 2021
This week the median list price for Phoenix, AZ is $497,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has increased to 737. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $497,000
Median Price of New Listings $400,000
Per Square Foot $261
Average Days on Market 39
Median Days on Market 7
Price Decreased 20%
Price Increased 8%
Relisted 4%
Inventory 737
Median Rent $2,065
Market Action 99
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
$1,337,500 3,805 0.25 - 0.5 acre 4 3 25 41 27 28
$615,500 2,197 8,000 - 10,000 sqft 4 2 30 66 62 7
$415,000 1,686 6,500 - 8,000 sqft 3 2 43 95 87 7
$300,000 1,416 6,500 - 8,000 sqft 3 2 52 119 108 0