Your Localized Market Report

Phoenix, AZ 85015

Single-Family Homes

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Phoenix, AZ 85015

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85015 is $455,950 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 20. 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

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 85015

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85015 is $455,950 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has decreased to 20. 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

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 $455,950
Median Price of New Listings $399,000
Per Square Foot $290
Average Days on Market 53
Median Days on Market 39
Price Decreased 25%
Price Increased 10%
Relisted 10%
Inventory 20
Median Rent $2,310
Market Action 66
Strong Seller's Market

We continue to see prices in this zip code bounce 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
$585,000 1,829 8,000 - 10,000 sqft 3 2 62 0 2 35
$481,000 1,570 6,500 - 8,000 sqft 3 2 70 1 1 35
$430,000 1,568 8,000 - 10,000 sqft 3 2 69 0 1 42
$390,000 1,257 6,500 - 8,000 sqft 3 2 38 2 2 77