Navi Title Agency

Phoenix, AZ 85041

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85041

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85041 is $419,450 with the market action index hovering around 71. This is an increase over last month's market action index of 67. Inventory has decreased to 44. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ 85041

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85041 is $419,450 with the market action index hovering around 71. This is an increase over last month's market action index of 67. Inventory has decreased to 44. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $419,450
Median Price of New Listings $369,900
Per Square Foot $231
Average Days on Market 61
Median Days on Market 21
Price Decreased 48%
Price Increased 7%
Relisted 2%
Inventory 44
Median Rent
Market Action 71
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
$695,000 2,878 8,000 - 10,000 sqft 4 2.5 14 0 0 49
$495,000 2,233 4,500 - 6,500 sqft 3 2.5 13 0 2 28
$389,000 1,714 4,500 - 6,500 sqft 4 2 19 4 3 14
$335,000 1,448 4,500 - 6,500 sqft 3 2 51 4 1 7