Your Localized Market Report

Phoenix, AZ 85014

Single-Family Homes

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Phoenix, AZ 85014

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85014 is $625,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has decreased to 13. 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 85014

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85014 is $625,000 with the market action index hovering around 63. This is about the same as last month's market action index of 63. Inventory has decreased to 13. 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 $625,000
Median Price of New Listings $559,000
Per Square Foot $340
Average Days on Market 60
Median Days on Market 70
Price Decreased 23%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent $1,995
Market Action 63
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$850,000 2,328 4,500 - 6,500 sqft 4 2.5 22 0 1 21
$699,000 1,832 0.25 - 0.5 acre 3 3 72 1 0 91
$614,999 2,009 0.25 - 0.5 acre 4 2 69 0 0 49
$439,500 1,440 4,500 - 6,500 sqft 3 1.5 73 1 2 80