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Phoenix, AZ 85022

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85022

Tue Sep 16 2025
This week the median list price for Phoenix, AZ 85022 is $574,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 97. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, AZ 85022

Tue Sep 16 2025
This week the median list price for Phoenix, AZ 85022 is $574,900 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 97. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $574,900
Median Price of New Listings $517,000
Per Square Foot $288
Average Days on Market 101
Median Days on Market 70
Price Decreased 56%
Price Increased 1%
Relisted 4%
Inventory 97
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$790,000 2,623 0.25 - 0.5 acre 4 2.5 39 2 1 70
$644,000 2,135 8,000 - 10,000 sqft 3 2 44 2 0 77
$520,000 1,829 4,500 - 6,500 sqft 3 2.5 32 1 4 63
$394,850 1,336 0 - 4,500 sqft 3 2 40 3 4 52