Lawyers Title Market Report

Phoenix, AZ 85004

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Current active inventory in Phoenix, AZ 85004 is very low. Keep this in mind when looking at this report.

Phoenix, AZ 85004

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85004 is $600,000 with the market action index hovering around 49. This is an increase over last month's market action index of 34. Inventory has held steady at or around 1. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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.

Phoenix, AZ 85004

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85004 is $600,000 with the market action index hovering around 49. This is an increase over last month's market action index of 34. Inventory has held steady at or around 1. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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

Never miss important changes in the Phoenix market.
Median List Price $600,000
Median Price of New Listings $600,000
Per Square Foot $402
Average Days on Market 28
Median Days on Market 28
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent $1,800
Market Action 49
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$NaN NaN N/A NaN NaN NaN NaN NaN NaN
$NaN NaN N/A NaN NaN NaN NaN NaN NaN
$600,000 1,492 6,500 - 8,000 sqft 3 2 84 1 1 28
$600,000 1,492 6,500 - 8,000 sqft 3 2 84 1 1 28