The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Fri Aug 23 2019
This week the median list price for Phoenix, AZ 85086 is $509,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 134. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Fri Aug 23 2019
This week the median list price for Phoenix, AZ 85086 is $509,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 134. Click here to stay informed with the Phoenix market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $509,900
Per Square Foot $177
Days on Market 86
Price Decreased 42%
Price Increased 7%
Relisted 6%
Inventory 134
Median House Rent $1,797
Most Expensive $2,149,000
Least Expensive $245,700
Market Action Index
Slight Seller's Advantage
38

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
$750,000 3,959 1 - 2.5 acres 4 3 13 2 0 99
$560,000 2,993 1 - 2.5 acres 4 3 14 2 3 126
$449,450 2,519 1 - 2.5 acres 4 2 15 3 3 69
$324,700 2,070 4,500 - 6,500 sqft 3 2 15 4 7 53