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Phoenix, AZ 85051

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85051

Mon May 05 2025
This week the median list price for Phoenix, AZ 85051 is $409,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 61. 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

Market Narrative

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 85051

Mon May 05 2025
This week the median list price for Phoenix, AZ 85051 is $409,900 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has decreased to 61. 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

Market Narrative

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 $409,900
Median Price of New Listings $377,500
Per Square Foot $239
Average Days on Market 74
Median Days on Market 56
Price Decreased 56%
Price Increased 2%
Relisted 7%
Inventory 61
Median Rent
Market Action 43
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
$459,900 1,912 8,000 - 10,000 sqft 4 2 56 0 3 42
$420,000 1,839 8,000 - 10,000 sqft 4 2 55 1 1 91
$390,000 1,545 6,500 - 8,000 sqft 3 2 63 1 4 77
$352,500 1,419 6,500 - 8,000 sqft 3 2 60 2 4 45