The First American Title Market Report

Phoenix, AZ 85086

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85086

Mon Jun 17 2019
This week the median list price for Phoenix, AZ 85086 is $494,900 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 135. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85086

Mon Jun 17 2019
This week the median list price for Phoenix, AZ 85086 is $494,900 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 135. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $494,900
Per Square Foot $178
Days on Market 89
Price Decreased 41%
Price Increased 4%
Relisted 5%
Inventory 135
Median House Rent $1,799
Most Expensive $2,149,000
Least Expensive $225,000
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
$742,500 3,882 1 - 2.5 acres 4 3 14 2 4 141
$549,000 2,907 1 - 2.5 acres 4 3 15 3 3 108
$424,250 2,500 0.25 - 0.5 acre 4 3 16 3 4 72
$314,450 1,953 4,500 - 6,500 sqft 3 2 15 8 4 35