Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85048 is $720,000 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has decreased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$720,000|
|Median Price of New Listings||$468,500|
|Per Square Foot||$247|
|Average Days on Market||98|
|Median Days on Market||7|
|Strong Seller's Market|
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,824,999||4,851||0.25 - 0.5 acre||4||4||24||0||0||150|
|$899,950||3,323||0.25 - 0.5 acre||4||3||29||1||2||87|
|$473,500||2,330||4,500 - 6,500 sqft||4||2||28||4||4||0|
|$449,000||1,705||4,500 - 6,500 sqft||3||2||29||3||4||0|