Sat Nov 27 2021
This week the median list price for Phoenix, AZ 85086 is $697,000 with the market action index hovering around 64. This is an increase over last month's market action index of 63. Inventory has decreased to 52.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$697,000|
|Median Price of New Listings||$659,950|
|Per Square Foot||$273|
|Average Days on Market||63|
|Median Days on Market||46|
|Strong Seller's Market|
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,068,000||4,017||1 - 2.5 acres||4||3.5||16||2||2||42|
|$795,000||3,039||1 - 2.5 acres||4||3||16||3||2||28|
|$632,000||2,851||6,500 - 8,000 sqft||4||3||17||4||1||49|
|$568,000||2,000||4,500 - 6,500 sqft||4||2.5||17||3||7||42|