The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Mon Mar 01 2021
This week the median list price for Phoenix, AZ 85086 is $585,000 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has held steady at or around 27. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 Mar 01 2021
This week the median list price for Phoenix, AZ 85086 is $585,000 with the market action index hovering around 64. This is less than last month's market action index of 66. Inventory has held steady at or around 27. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $585,000
Per Square Foot $260
Days on Market 28
Price Decreased 26%
Price Increased 0%
Relisted 0%
Inventory 27
Median Rent $2,448
Most Expensive $1,450,000
Least Expensive $325,000
Market Action 64
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,174,500 3,973 1 - 2.5 acres 4 3 17 0 3 31
$650,000 2,726 1 - 2.5 acres 4 3 17 2 4 7
$535,000 2,175 1 - 2.5 acres 4 2 17 2 2 133
$425,000 1,827 1 - 2.5 acres 3 2 20 3 1 7