First American Title Market Report

Phoenix, AZ 85045

Single-Family Homes



Phoenix, AZ 85045

Thu Sep 21 2023
This week the median list price for Phoenix, AZ 85045 is $669,950 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 10. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85045

Thu Sep 21 2023
This week the median list price for Phoenix, AZ 85045 is $669,950 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has held steady at or around 10. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $669,950
Median Price of New Listings $524,900
Per Square Foot $257
Average Days on Market 32
Median Days on Market 32
Price Decreased 40%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 58
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,824,500 4,313 0.25 - 0.5 acre 5 5 2 0 0 52
$1,024,950 3,144 0.25 - 0.5 acre 3 3.5 10 0 0 24
$664,900 2,904 6,500 - 8,000 sqft 5 3 27 0 1 49
$585,000 2,343 4,500 - 6,500 sqft 4 3 20 1 2 7