The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Sat Oct 16 2021
This week the median list price for Phoenix, AZ 85086 is $692,450 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has increased to 54. 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

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 85086

Sat Oct 16 2021
This week the median list price for Phoenix, AZ 85086 is $692,450 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has increased to 54. 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

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 $692,450
Median Price of New Listings $615,000
Per Square Foot $273
Average Days on Market 29
Median Days on Market 14
Price Decreased 43%
Price Increased 0%
Relisted 4%
Inventory 54
Median Rent $2,427
Market Action 66
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
$979,000 3,711 1 - 2.5 acres 4 3 16 2 2 21
$799,000 2,466 1 - 2.5 acres 4 2 19 3 2 21
$622,450 2,764 6,500 - 8,000 sqft 4 2 17 9 4 0
$471,450 1,688 4,500 - 6,500 sqft 3 2 17 5 5 10