Your Localized Market Report

Phoenix, AZ 85016

Single-Family Homes

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Phoenix, AZ 85016

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85016 is $811,631 with the market action index hovering around 64. This is an increase over last month's market action index of 59. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85016

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85016 is $811,631 with the market action index hovering around 64. This is an increase over last month's market action index of 59. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $811,631
Median Price of New Listings $814,499
Per Square Foot $385
Average Days on Market 95
Median Days on Market 81
Price Decreased 30%
Price Increased 15%
Relisted 10%
Inventory 20
Median Rent $3,650
Market Action 64
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$5,999,000 10,293 1 - 2.5 acres 6 7 23 0 0 84
$895,000 2,400 0.25 - 0.5 acre 4 3 56 2 4 77
$779,999 2,078 8,000 - 10,000 sqft 4 2.5 68 1 3 63
$499,000 1,267 8,000 - 10,000 sqft 3 2 71 1 3 84