Your Localized Market Report

Phoenix, AZ 85020

Single-Family Homes

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Phoenix, AZ 85020

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85020 is $455,000 with the market action index hovering around 78. This is an increase over last month's market action index of 68. Inventory has decreased to 15. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Phoenix, AZ 85020

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85020 is $455,000 with the market action index hovering around 78. This is an increase over last month's market action index of 68. Inventory has decreased to 15. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $455,000
Median Price of New Listings $604,900
Per Square Foot $350
Average Days on Market 67
Median Days on Market 63
Price Decreased 27%
Price Increased 13%
Relisted 7%
Inventory 15
Median Rent $2,045
Market Action 78
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$962,500 2,631 0.25 - 0.5 acre 4 3 51 3 2 0
$714,900 2,266 0.25 - 0.5 acre 4 2.3 50 1 4 80
$447,000 1,095 6,500 - 8,000 sqft 3 2 68 0 1 87
$367,500 1,232 4,500 - 6,500 sqft 3 2 73 3 2 31