Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85028

Single-Family Homes

Realty Executives



Phoenix, AZ 85028

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85028 is $535,000 with the market action index hovering around 78. This is an increase over last month's market action index of 74. Inventory has held steady at or around 23. 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 85028

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85028 is $535,000 with the market action index hovering around 78. This is an increase over last month's market action index of 74. Inventory has held steady at or around 23. 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 $535,000
Per Square Foot $248
Days on Market 29
Price Decreased 35%
Price Increased 4%
Relisted 0%
Inventory 23
Median Rent $1,950
Most Expensive $2,050,000
Least Expensive $322,888
Market Action 78
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
$1,450,000 4,167 0.5 - 1 acre 4 3 39 3 3 14
$734,500 2,592 0.25 - 0.5 acre 3 3 20 1 4 64
$514,995 2,130 0.25 - 0.5 acre 3 2 45 3 6 17
$380,000 1,896 8,000 - 10,000 sqft 3 2 49 4 3 18