The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Sat Jul 31 2021
This week the median list price for Phoenix, AZ 85086 is $725,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has increased to 47. 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

Sat Jul 31 2021
This week the median list price for Phoenix, AZ 85086 is $725,000 with the market action index hovering around 67. This is an increase over last month's market action index of 64. Inventory has increased to 47. 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 $725,000
Median Price of New Listings $524,950
Per Square Foot $276
Average Days on Market 47
Median Days on Market 14
Price Decreased 34%
Price Increased 0%
Relisted 6%
Inventory 47
Median Rent $2,600
Market Action 67
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing 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
$1,310,000 3,986 1 - 2.5 acres 4 3 16 0 1 35
$832,500 2,958 1 - 2.5 acres 4 2 20 1 0 14
$615,050 2,436 8,000 - 10,000 sqft 4 2 17 5 2 7
$461,950 1,827 4,500 - 6,500 sqft 3 2 16 6 0 31