Navi Title Agency

Phoenix, AZ 85032

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85032

Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85032 is $529,900 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 63. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, AZ 85032

Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85032 is $529,900 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has held steady at or around 63. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $529,900
Median Price of New Listings $520,000
Per Square Foot $320
Average Days on Market 66
Median Days on Market 42
Price Decreased 54%
Price Increased 3%
Relisted 3%
Inventory 63
Median Rent
Market Action 51
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$835,000 2,515 0.25 - 0.5 acre 4 3 38 1 2 35
$636,450 1,871 6,500 - 8,000 sqft 4 2 44 2 2 42
$499,125 1,503 8,000 - 10,000 sqft 3 2 47 1 3 42
$424,900 1,342 6,500 - 8,000 sqft 3 2 50 2 6 42