Lawyers Title Market Report

Phoenix, AZ 85048

Single-Family Homes

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Phoenix, AZ 85048

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. 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 and prices have recently resumed upward pressure.

Phoenix, AZ 85048

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. 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 and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Phoenix 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
Price Decreased 12%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent $2,100
Market Action 96
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.

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
$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