Your Localized Market Report
Phoenix, AZ 85040
Single-Family Homes
Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com
Phoenix, AZ 85040
Thu Mar 12 2026
This week the median list price for Phoenix, AZ 85040 is $409,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $409,000 | |
| Median Price of New Listings | $456,900 | |
| Per Square Foot | $257 | |
| Average Days on Market | 86 | |
| Median Days on Market | 49 | |
| Price Decreased | 39% | |
| Price Increased | 3% | |
| Relisted | 0% | |
| Inventory | 33 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $478,900 | 2,116 | 6,500 - 8,000 sqft | 4 | 2.5 | 20 | 3 | 2 | 56 |
| $446,250 | 1,723 | 4,500 - 6,500 sqft | 3 | 2.5 | 14 | 2 | 1 | 31 |
| $379,450 | 1,363 | 4,500 - 6,500 sqft | 3 | 2 | 22 | 1 | 2 | 59 |
| $329,750 | 1,164 | 4,500 - 6,500 sqft | 3 | 2 | 60 | 1 | 2 | 17 |