Your Localized Market Report

Phoenix, AZ 85040

Single-Family Homes

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Phoenix, AZ 85040

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85040 is $367,000 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has increased to 13. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Phoenix, AZ 85040

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85040 is $367,000 with the market action index hovering around 84. This is less than last month's market action index of 85. Inventory has increased to 13. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $367,000
Median Price of New Listings $352,500
Per Square Foot $246
Average Days on Market 34
Median Days on Market 21
Price Decreased 23%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent $2,060
Market Action 84
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$440,000 2,020 0 - 4,500 sqft 3 2.5 16 0 2 14
$399,000 1,499 0.25 - 0.5 acre 3 2 21 2 2 49
$335,000 1,288 6,500 - 8,000 sqft 4 2 64 0 1 21
$305,000 1,067 4,500 - 6,500 sqft 3 1.5 56 2 2 14