Clear Title Agency of Arizona

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Mon Oct 03 2022
This week the median list price for Phoenix, AZ is $487,250 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 2,724. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, AZ

Mon Oct 03 2022
This week the median list price for Phoenix, AZ is $487,250 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 2,724. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $487,250
Median Price of New Listings $464,950
Per Square Foot $286
Average Days on Market 58
Median Days on Market 49
Price Decreased 67%
Price Increased 2%
Relisted 6%
Inventory 2,724
Median Rent
Market Action 42
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$925,000 2,741 0.25 - 0.5 acre 4 3 29 83 77 56
$559,000 1,900 6,500 - 8,000 sqft 3 2 30 87 80 49
$435,000 1,632 6,500 - 8,000 sqft 3 2 40 80 68 42
$350,000 1,341 6,500 - 8,000 sqft 3 2 58 114 122 42