First American Title Market Report

Phoenix, AZ 85045

Single-Family Homes


Phoenix, AZ 85045

Wed Apr 29 2026
This week the median list price for Phoenix, AZ 85045 is $715,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 31. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Phoenix, AZ 85045

Wed Apr 29 2026
This week the median list price for Phoenix, AZ 85045 is $715,000 with the market action index hovering around 37. This is less than last month's market action index of 39. Inventory has increased to 31. 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

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $715,000
Median Price of New Listings $782,000
Per Square Foot $275
Average Days on Market 57
Median Days on Market 35
Price Decreased 58%
Price Increased 0%
Relisted 6%
Inventory 31
Median Rent
Market Action 37
Slight Seller's Advantage

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$1,282,500 3,749 0.25 - 0.5 acre 4 3.5 19 2 0 49
$765,000 3,217 6,500 - 8,000 sqft 5 3.3 28 2 0 21
$593,950 2,111 4,500 - 6,500 sqft 3 2 27 0 0 59
$445,000 1,603 0 - 4,500 sqft 3 2.5 18 2 0 35