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
Sun Jan 11 2026
This week the median list price for Phoenix, AZ 85040 is $396,500 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 32.
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 | $396,500 | |
| Median Price of New Listings | $414,950 | |
| Per Square Foot | $251 | |
| Average Days on Market | 105 | |
| Median Days on Market | 77 | |
| Price Decreased | 28% | |
| Price Increased | 3% | |
| Relisted | 0% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 41 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $474,950 | 1,965 | 4,500 - 6,500 sqft | 3 | 2.5 | 15 | 1 | 0 | 80 |
| $420,400 | 1,896 | 4,500 - 6,500 sqft | 3 | 2.5 | 16 | 0 | 4 | 140 |
| $360,000 | 1,352 | 0 - 4,500 sqft | 3 | 2.3 | 22 | 1 | 0 | 112 |
| $286,250 | 1,136 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 0 | 1 | 63 |