Lawyers Title Market Report

Phoenix, AZ 85003

Single-Family Homes

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Phoenix, AZ 85003

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85003 is $750,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has increased to 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85003

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85003 is $750,000 with the market action index hovering around 79. This is an increase over last month's market action index of 78. Inventory has increased to 7. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $750,000
Median Price of New Listings $799,900
Per Square Foot $320
Average Days on Market 42
Median Days on Market 0
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $3,988
Market Action 79
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,195,000 2,741 6,500 - 8,000 sqft 5 2 102 1 1 0
$949,950 2,823 4,500 - 6,500 sqft 4 3 83 2 0 10
$700,000 2,557 6,500 - 8,000 sqft 3 2 86 1 0 28
$417,500 2,033 6,500 - 8,000 sqft 3 2 40 1 2 108