Your Local Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Tue Aug 09 2022
This week the median list price for Phoenix, AZ 85086 is $759,000 with the market action index hovering around 44. This is less than last month's market action index of 53. Inventory has increased to 95. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85086

Tue Aug 09 2022
This week the median list price for Phoenix, AZ 85086 is $759,000 with the market action index hovering around 44. This is less than last month's market action index of 53. Inventory has increased to 95. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $759,000
Median Price of New Listings $599,950
Per Square Foot $314
Average Days on Market 46
Median Days on Market 35
Price Decreased 57%
Price Increased 1%
Relisted 7%
Inventory 95
Median Rent
Market Action 44
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,249,000 3,399 1 - 2.5 acres 4 3.5 18 1 1 56
$899,000 2,847 1 - 2.5 acres 4 3 18 2 2 38
$662,500 2,251 1 - 2.5 acres 4 2.5 19 2 4 31
$550,500 1,954 6,500 - 8,000 sqft 3 2.3 18 7 5 10