Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85045 is $685,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has decreased to 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$685,000|
|Median Price of New Listings||$556,000|
|Per Square Foot||$283|
|Average Days on Market||45|
|Median Days on Market||14|
|Strong Seller's Market|
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$850,500||3,072||0.25 - 0.5 acre||4||2.8||19||1||0||52|
|$761,536||2,911||8,000 - 10,000 sqft||4||3||25||1||0||84|
|$658,500||2,728||4,500 - 6,500 sqft||4||2.8||23||0||0||59|
|$420,000||1,484||4,500 - 6,500 sqft||3||2||20||3||2||0|