The First American Title Market Report
Phoenix, AZ 85086
Single-Family Homes
Arizona Direct Operations
Phoenix, AZ 85086
Tue Oct 20 2020
This week the median list price for Phoenix, AZ 85086 is $579,000 with the market action index hovering around 69. This is an increase over last month's market action index of 65. Inventory has held steady at or around 45.
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
| Median List Price | $579,000 | |
| Per Square Foot | $217 | |
| Days on Market | 43 | |
| Price Decreased | 31% | |
| Price Increased | 7% | |
| Relisted | 4% | |
| Inventory | 45 | |
| Median Rent | ||
| Most Expensive | $2,095,000 | |
| Least Expensive | $299,800 | |
| Market Action | 69 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,395,000 | 4,541 | 1 - 2.5 acres | 5 | 5 | 9 | 2 | 4 | 45 |
| $645,000 | 3,064 | 1 - 2.5 acres | 4 | 3 | 15 | 2 | 5 | 44 |
| $535,000 | 2,595 | 1 - 2.5 acres | 4 | 3 | 7 | 1 | 1 | 29 |
| $434,950 | 2,509 | 8,000 - 10,000 sqft | 3 | 2 | 16 | 3 | 7 | 50 |