The First American Title Market Report

Phoenix, AZ 85045

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85045

Tue Oct 20 2020
This week the median list price for Phoenix, AZ 85045 is $595,000 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has held steady at or around 13. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Phoenix, AZ 85045

Tue Oct 20 2020
This week the median list price for Phoenix, AZ 85045 is $595,000 with the market action index hovering around 68. This is less than last month's market action index of 74. Inventory has held steady at or around 13. 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.

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $595,000
Per Square Foot $233
Days on Market 31
Price Decreased 15%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent $1,650
Most Expensive $1,890,000
Least Expensive $294,900
Market Action 68
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$1,450,000 5,488 0.5 - 1 acre 5 5 13 0 0 121
$679,900 2,912 0.25 - 0.5 acre 4 3 21 1 0 7
$585,000 2,893 0.25 - 0.5 acre 4 2 27 2 0 2
$362,450 1,552 0 - 4,500 sqft 3 2 20 2 1 3