Your Localized Market Report

Phoenix, AZ 85014

Single-Family Homes

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Phoenix, AZ 85014

Tue Nov 29 2022
This week the median list price for Phoenix, AZ 85014 is $622,450 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has decreased to 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ 85014

Tue Nov 29 2022
This week the median list price for Phoenix, AZ 85014 is $622,450 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has decreased to 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $622,450
Median Price of New Listings $850,000
Per Square Foot $376
Average Days on Market 56
Median Days on Market 49
Price Decreased 53%
Price Increased 7%
Relisted 7%
Inventory 30
Median Rent
Market Action 44
Slight Seller's Advantage

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
$999,000 2,511 0.5 - 1 acre 4 3 72 2 4 42
$705,000 1,812 6,500 - 8,000 sqft 3 2 65 2 3 28
$565,000 1,697 8,000 - 10,000 sqft 3 2 69 0 2 14
$431,950 1,360 6,500 - 8,000 sqft 3 2 74 1 2 87