Lawyers Title Market Report

Phoenix, AZ 85017

Single-Family Homes

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Phoenix, AZ 85017

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85017 is $279,900 with the market action index hovering around 89. This is less than last month's market action index of 96. 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

The market has started cooling and prices have recently plateaued. Since 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

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85017 is $279,900 with the market action index hovering around 89. This is less than last month's market action index of 96. 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

The market has started cooling and prices have recently plateaued. Since 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 $279,900
Median Price of New Listings $240,000
Per Square Foot $212
Average Days on Market 18
Median Days on Market 14
Price Decreased 36%
Price Increased 18%
Relisted 0%
Inventory 11
Median Rent $1,500
Market Action 89
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
$419,997 1,387 6,500 - 8,000 sqft 3 1 66 0 0 35
$300,000 1,455 6,500 - 8,000 sqft 3 2 67 0 1 21
$275,000 1,129 6,500 - 8,000 sqft 3 2 67 1 1 14
$235,000 1,375 4,500 - 6,500 sqft 3 2 69 2 0 0