Your Localized Market Report
Phoenix, AZ 85004
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85004
Sun Nov 01 2026
This week the median list price for Phoenix, AZ 85004 is $425,000 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has increased to 15.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $425,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $291 | |
| Average Days on Market | 109 | |
| Median Days on Market | 70 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 15 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,532,500 | 2,816 | 0.25 - 0.5 acre | 3 | 3.3 | 94 | 0 | 1 | 164 |
| $484,450 | 1,456 | 0 - 4,500 sqft | 2 | 2 | 62 | 0 | 0 | 38 |
| $322,250 | 1,300 | 1 - 2.5 acres | 2 | 2 | 69 | 0 | 0 | 52 |
| $279,900 | 950 | 6,500 - 8,000 sqft | 2 | 1 | 69 | 0 | 0 | 70 |