Thu Mar 23 2023
This week the median list price for Phoenix, AZ is $565,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has decreased to 1,356.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$565,000|
|Median Price of New Listings||$499,950|
|Per Square Foot||$297|
|Average Days on Market||85|
|Median Days on Market||49|
|Strong Seller's Market|
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,275,000||3,288||0.25 - 0.5 acre||4||3.5||25||28||38||56|
|$675,000||2,184||8,000 - 10,000 sqft||4||2.5||37||65||52||49|
|$468,000||1,718||6,500 - 8,000 sqft||3||2||42||48||72||49|
|$360,000||1,395||6,500 - 8,000 sqft||3||2||53||65||86||49|