Your Localized Market Report
Phoenix, AZ 85006
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85006
Sat Jun 13 2026
This week the median list price for Phoenix, AZ 85006 is $497,450 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has held steady at or around 54.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $497,450 | |
| Median Price of New Listings | $564,999 | |
| Per Square Foot | $372 | |
| Average Days on Market | 91 | |
| Median Days on Market | 67 | |
| Price Decreased | 63% | |
| Price Increased | 2% | |
| Relisted | 2% | |
| Inventory | 54 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $764,000 | 2,373 | 6,500 - 8,000 sqft | 4 | 3 | 90 | 3 | 2 | 52 |
| $530,000 | 1,589 | 6,500 - 8,000 sqft | 3 | 2 | 87 | 2 | 1 | 49 |
| $474,950 | 1,162 | 4,500 - 6,500 sqft | 3 | 2 | 93 | 2 | 1 | 73 |
| $379,000 | 959 | 6,500 - 8,000 sqft | 3 | 1 | 96 | 1 | 0 | 49 |