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Phoenix, AZ 85022

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85022

Tue Jul 01 2025
This week the median list price for Phoenix, AZ 85022 is $574,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 111. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85022

Tue Jul 01 2025
This week the median list price for Phoenix, AZ 85022 is $574,900 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 111. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $574,900
Median Price of New Listings $570,000
Per Square Foot $290
Average Days on Market 90
Median Days on Market 56
Price Decreased 57%
Price Increased 1%
Relisted 4%
Inventory 111
Median Rent
Market Action 39
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
$899,900 3,043 0.25 - 0.5 acre 4 3 30 1 4 87
$644,000 2,132 8,000 - 10,000 sqft 3 2 41 4 3 59
$505,495 1,845 6,500 - 8,000 sqft 3 2 37 1 1 56
$399,000 1,353 0 - 4,500 sqft 3 2 40 4 2 28