Navi Title Agency

Phoenix, AZ 85009

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85009

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85009 is $349,000 with the market action index hovering around 73. This is an increase over last month's market action index of 63. Inventory has decreased to 11. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85009

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85009 is $349,000 with the market action index hovering around 73. This is an increase over last month's market action index of 63. Inventory has decreased to 11. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $349,000
Median Price of New Listings $299,900
Per Square Foot $290
Average Days on Market 106
Median Days on Market 63
Price Decreased 36%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 73
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. 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
$739,950 2,080 8,000 - 10,000 sqft 5 3.3 76 0 0 231
$408,999 1,494 6,500 - 8,000 sqft 3 2 69 0 0 63
$322,000 1,574 6,500 - 8,000 sqft 2 2 87 2 1 7
$279,000 836 4,500 - 6,500 sqft 2 1 87 2 1 42