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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$579,000|
|Per Square Foot||$217|
|Days on Market||43|
|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.
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|