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Phoenix, AZ 85004

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85004

Sat May 10 2025
This week the median list price for Phoenix, AZ 85004 is $800,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 11. 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.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Phoenix, AZ 85004

Sat May 10 2025
This week the median list price for Phoenix, AZ 85004 is $800,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 11. 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.

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $800,000
Median Price of New Listings $0
Per Square Foot $324
Average Days on Market 118
Median Days on Market 42
Price Decreased 45%
Price Increased 0%
Relisted 0%
Inventory 11
Median Rent
Market Action 39
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$4,837,500 6,070 0.5 - 1 acre 5 7 51 0 0 322
$1,200,000 2,847 6,500 - 8,000 sqft 4 3 98 0 0 84
$575,000 1,897 0 - 4,500 sqft 3 2 61 0 2 42
$370,000 1,300 1 - 2.5 acres 2 2 68 0 2 28