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Phoenix, AZ 85012

Single-Family Homes

Here is your weekly Market Update!


Phoenix, AZ 85012

Thu Jun 19 2025
This week the median list price for Phoenix, AZ 85012 is $929,500 with the market action index hovering around 42. This is an increase over last month's market action index of 17. Inventory has held steady at or around 22. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Phoenix, AZ 85012

Thu Jun 19 2025
This week the median list price for Phoenix, AZ 85012 is $929,500 with the market action index hovering around 42. This is an increase over last month's market action index of 17. Inventory has held steady at or around 22. 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.

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $929,500
Median Price of New Listings $0
Per Square Foot $435
Average Days on Market 68
Median Days on Market 74
Price Decreased 45%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent
Market Action 42
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,650,000 3,275 0.25 - 0.5 acre 4 3.5 29 0 0 94
$1,110,000 2,300 0.25 - 0.5 acre 3 2.5 80 0 2 28
$819,500 2,292 6,500 - 8,000 sqft 3 2 69 0 1 84
$138,900 702 0 - 4,500 sqft 1 1 62 0 0 70