The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Mon Jan 24 2022
This week the median list price for Phoenix, AZ 85086 is $695,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 36. 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

Mon Jan 24 2022
This week the median list price for Phoenix, AZ 85086 is $695,000 with the market action index hovering around 63. This is an increase over last month's market action index of 61. Inventory has decreased to 36. 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 $695,000
Median Price of New Listings $595,000
Per Square Foot $295
Average Days on Market 72
Median Days on Market 42
Price Decreased 31%
Price Increased 3%
Relisted 8%
Inventory 36
Median Rent $2,780
Market Action 63
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,195,000 3,556 1 - 2.5 acres 4 4 18 0 1 49
$850,000 2,653 1 - 2.5 acres 4 3 22 3 2 7
$599,000 2,191 6,500 - 8,000 sqft 4 2 19 2 3 84
$549,900 1,843 8,000 - 10,000 sqft 3 2 18 4 4 42