The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Wed Nov 25 2020
This week the median list price for Phoenix, AZ 85086 is $675,000 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has held steady at or around 37. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85086

Wed Nov 25 2020
This week the median list price for Phoenix, AZ 85086 is $675,000 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has held steady at or around 37. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $675,000
Per Square Foot $249
Days on Market 53
Price Decreased 32%
Price Increased 14%
Relisted 11%
Inventory 37
Median Rent $2,498
Most Expensive $2,095,000
Least Expensive $275,000
Market Action 66
Strong Seller's Market

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
$1,445,000 4,034 1 - 2.5 acres 4 5 9 0 1 73
$710,000 3,521 1 - 2.5 acres 4 3 16 3 5 42
$640,000 2,600 1 - 2.5 acres 4 3 16 3 5 56
$472,000 1,843 1 - 2.5 acres 3 2 15 5 9 41