Thu Jan 23 2020
This week the median list price for Phoenix, AZ 85086 is $530,000 with the market action index hovering around 40. This is an increase over last month's market action index of 38. Inventory has held steady at or around 85.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$530,000|
|Per Square Foot||$201|
|Days on Market||117|
|Slight Seller's Advantage|
We continue to see prices in this zip code hover around their high point. Look for a persistent shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$790,000||3,501||1 - 2.5 acres||4||3||14||4||1||129|
|$599,900||3,000||1 - 2.5 acres||4||3||14||2||2||124|
|$509,900||2,390||1 - 2.5 acres||4||2||14||3||1||144|
|$360,500||2,082||8,000 - 10,000 sqft||3||2||17||5||6||74|