Your Localized Market Report

Phoenix, AZ 85032

Single-Family Homes

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Phoenix, AZ 85032

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85032 is $474,950 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has decreased to 34. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Phoenix, AZ 85032

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85032 is $474,950 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has decreased to 34. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $474,950
Median Price of New Listings $476,450
Per Square Foot $306
Average Days on Market 52
Median Days on Market 21
Price Decreased 21%
Price Increased 0%
Relisted 9%
Inventory 34
Median Rent $2,320
Market Action 81
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.

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
$892,500 3,212 0.25 - 0.5 acre 4 3 26 4 1 31
$542,500 1,771 8,000 - 10,000 sqft 3 2 49 4 3 45
$466,000 1,438 6,500 - 8,000 sqft 3 2 45 4 1 7
$398,000 1,118 6,500 - 8,000 sqft 3 2 43 4 4 7