Navi Title Agency

Phoenix, AZ 85006

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85006

Tue May 28 2024
This week the median list price for Phoenix, AZ 85006 is $578,500 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 49. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85006

Tue May 28 2024
This week the median list price for Phoenix, AZ 85006 is $578,500 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 49. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $578,500
Median Price of New Listings $482,500
Per Square Foot $376
Average Days on Market 73
Median Days on Market 35
Price Decreased 63%
Price Increased 2%
Relisted 6%
Inventory 49
Median Rent
Market Action 36
Slight Seller's Advantage

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
$799,496 2,090 6,500 - 8,000 sqft 4 3 72 1 1 28
$634,950 1,716 6,500 - 8,000 sqft 3 3 84 0 0 77
$529,500 1,424 6,500 - 8,000 sqft 3 2 86 1 2 52
$415,000 1,267 6,500 - 8,000 sqft 2 1 78 2 3 28