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Phoenix, AZ 85053

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85053

Sat May 10 2025
This week the median list price for Phoenix, AZ 85053 is $440,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 49. 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

Market Narrative

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 85053

Sat May 10 2025
This week the median list price for Phoenix, AZ 85053 is $440,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 49. 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

Market Narrative

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 $440,000
Median Price of New Listings $450,000
Per Square Foot $245
Average Days on Market 79
Median Days on Market 56
Price Decreased 61%
Price Increased 4%
Relisted 8%
Inventory 49
Median Rent
Market Action 50
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$624,450 2,493 8,000 - 10,000 sqft 4 3 39 3 2 28
$458,950 1,882 8,000 - 10,000 sqft 3 2 52 1 0 63
$425,000 1,820 8,000 - 10,000 sqft 3 2 51 0 3 84
$329,900 1,340 4,500 - 6,500 sqft 2 2 47 3 4 28