Clear Title Agency of Arizona

Phoenix, AZ 85009

Single-Family Homes

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Phoenix, AZ 85009

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85009 is $314,500 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 62. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85009

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85009 is $314,500 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 62. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $314,500
Median Price of New Listings $290,000
Per Square Foot $243
Average Days on Market 81
Median Days on Market 56
Price Decreased 55%
Price Increased 2%
Relisted 5%
Inventory 62
Median Rent
Market Action 39
Slight Seller's Advantage

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
$414,990 1,792 4,500 - 6,500 sqft 4 2 64 1 3 35
$339,900 1,402 6,500 - 8,000 sqft 3 2 68 1 2 63
$299,950 1,349 6,500 - 8,000 sqft 3 1.8 69 1 0 91
$265,000 956 4,500 - 6,500 sqft 3 1 76 3 3 84