Your Localized Market Report

Phoenix, AZ 85017

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ 85017

Wed Jul 06 2022
This week the median list price for Phoenix, AZ 85017 is $379,999 with the market action index hovering around 79. This is less than last month's market action index of 81. Inventory has increased to 21. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85017

Wed Jul 06 2022
This week the median list price for Phoenix, AZ 85017 is $379,999 with the market action index hovering around 79. This is less than last month's market action index of 81. Inventory has increased to 21. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $379,999
Median Price of New Listings $429,950
Per Square Foot $253
Average Days on Market 24
Median Days on Market 21
Price Decreased 48%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent
Market Action 79
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
$460,000 1,565 4,500 - 6,500 sqft 3 2 24 3 1 21
$404,900 1,746 6,500 - 8,000 sqft 4 2 68 1 0 21
$366,000 1,484 6,500 - 8,000 sqft 3 2 68 0 3 28
$307,000 1,491 6,500 - 8,000 sqft 3 1.5 70 2 2 24