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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$595,000|
|Per Square Foot||$233|
|Days on Market||31|
|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.
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|