First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes



Phoenix, AZ 85086

Wed Apr 30 2025
This week the median list price for Phoenix, AZ 85086 is $867,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 160. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ 85086

Wed Apr 30 2025
This week the median list price for Phoenix, AZ 85086 is $867,000 with the market action index hovering around 31. This is about the same as last month's market action index of 31. Inventory has held steady at or around 160. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $867,000
Median Price of New Listings $800,000
Per Square Foot $327
Average Days on Market 101
Median Days on Market 56
Price Decreased 56%
Price Increased 4%
Relisted 4%
Inventory 160
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,385,000 3,757 1 - 2.5 acres 4 4 14 2 3 70
$998,950 2,866 1 - 2.5 acres 4 3 21 5 2 56
$749,500 2,327 1 - 2.5 acres 4 3 22 2 3 59
$559,500 2,082 4,500 - 6,500 sqft 3 2.5 21 6 3 49