The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Tue May 18 2021
This week the median list price for Phoenix, AZ 85086 is $699,900 with the market action index hovering around 78. This is an increase over last month's market action index of 76. Inventory has increased to 31. 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

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

Tue May 18 2021
This week the median list price for Phoenix, AZ 85086 is $699,900 with the market action index hovering around 78. This is an increase over last month's market action index of 76. Inventory has increased to 31. 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

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 $699,900
Median Price of New Listings $557,000
Per Square Foot $285
Average Days on Market 48
Median Days on Market 21
Price Decreased 23%
Price Increased 16%
Relisted 6%
Inventory 31
Median Rent $3,000
Market Action 78
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
$1,199,000 3,810 0.5 - 1 acre 4 3 13 2 1 28
$857,500 3,035 1 - 2.5 acres 4 3 18 0 2 17
$575,500 2,000 1 - 2.5 acres 4 2 17 2 3 28
$482,000 1,583 1 - 2.5 acres 3 2 17 3 3 7