The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Sat Aug 17 2019
This week the median list price for Phoenix, AZ 85086 is $504,950 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 136. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 85086

Sat Aug 17 2019
This week the median list price for Phoenix, AZ 85086 is $504,950 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 136. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $504,950
Per Square Foot $179
Days on Market 88
Price Decreased 41%
Price Increased 4%
Relisted 7%
Inventory 136
Median House Rent $2,072
Most Expensive $2,149,000
Least Expensive $245,700
Market Action Index
Slight Seller's Advantage
38

We continue to see prices in this zip code bounce around this 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
$729,950 3,838 1 - 2.5 acres 4 3 13 5 6 98
$552,450 2,960 1 - 2.5 acres 4 3 14 5 3 116
$447,000 2,500 1 - 2.5 acres 4 2 15 4 2 86
$317,400 2,026 4,500 - 6,500 sqft 3 2 15 5 8 53