The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

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. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Phoenix, AZ 85086

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. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Phoenix 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
Price Decreased 37%
Price Increased 12%
Relisted 12%
Inventory 52
Median Rent $2,742
Market Action 64
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.

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
$1,068,000 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