Lawyers Title Market Report

Phoenix, AZ 85015

Single-Family Homes

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Phoenix, AZ 85015

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85015 is $405,500 with the market action index hovering around 85. This is less than last month's market action index of 90. Inventory has increased to 26. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Phoenix, AZ 85015

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85015 is $405,500 with the market action index hovering around 85. This is less than last month's market action index of 90. Inventory has increased to 26. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $405,500
Median Price of New Listings $432,450
Per Square Foot $252
Average Days on Market 27
Median Days on Market 14
Price Decreased 38%
Price Increased 4%
Relisted 15%
Inventory 26
Median Rent $1,795
Market Action 85
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$514,500 2,142 8,000 - 10,000 sqft 4 2 69 4 2 24
$442,000 1,591 8,000 - 10,000 sqft 3 2 69 4 3 10
$385,000 1,728 8,000 - 10,000 sqft 3 2 69 5 1 0
$335,000 1,190 8,000 - 10,000 sqft 3 2 71 1 1 35