Clear Title Agency of Arizona

Phoenix, AZ 85007

Single-Family Homes

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Phoenix, AZ 85007

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85007 is $489,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has increased to 21. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85007

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85007 is $489,000 with the market action index hovering around 63. This is an increase over last month's market action index of 62. Inventory has increased to 21. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $489,000
Median Price of New Listings $427,250
Per Square Foot $403
Average Days on Market 31
Median Days on Market 14
Price Decreased 33%
Price Increased 5%
Relisted 10%
Inventory 21
Median Rent
Market Action 63
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,150,000 2,562 6,500 - 8,000 sqft 3 3 70 1 1 7
$699,000 1,748 6,500 - 8,000 sqft 3 2.5 76 0 1 35
$475,000 988 6,500 - 8,000 sqft 2 1 106 2 0 7
$360,000 1,283 4,500 - 6,500 sqft 3 1.8 72 3 0 24