Lawyers Title Market Report

Phoenix, AZ 85006

Single-Family Homes

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Phoenix, AZ 85006

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85006 is $439,500 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has decreased to 22. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85006

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85006 is $439,500 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has decreased to 22. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $439,500
Median Price of New Listings $449,000
Per Square Foot $339
Average Days on Market 122
Median Days on Market 32
Price Decreased 45%
Price Increased 14%
Relisted 14%
Inventory 22
Median Rent $1,463
Market Action 73
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$749,900 2,330 8,000 - 10,000 sqft 3 3 70 0 1 28
$489,900 1,437 6,500 - 8,000 sqft 3 2 86 2 1 7
$427,450 1,153 8,000 - 10,000 sqft 3 2 84 3 1 105
$337,000 962 6,500 - 8,000 sqft 2 1 75 0 3 98