Your Localized Market Report

Phoenix, AZ 85017

Single-Family Homes

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Phoenix, AZ 85017

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85017 is $313,900 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has decreased to 7. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Phoenix, AZ 85017

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85017 is $313,900 with the market action index hovering around 87. This is an increase over last month's market action index of 86. Inventory has decreased to 7. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $313,900
Median Price of New Listings $309,900
Per Square Foot $256
Average Days on Market 52
Median Days on Market 35
Price Decreased 29%
Price Increased 14%
Relisted 14%
Inventory 7
Median Rent $2,195
Market Action 87
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing 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
$420,000 2,242 4,500 - 6,500 sqft 4 3 23 0 1 84
$360,950 1,802 6,500 - 8,000 sqft 3 2.5 67 1 1 24
$306,950 1,098 6,500 - 8,000 sqft 3 1.5 71 0 2 101
$269,450 1,013 6,500 - 8,000 sqft 2 1 71 1 0 14