Your Localized Market Report

Phoenix, AZ 85033

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ 85033

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85033 is $343,500 with the market action index hovering around 87. This is less than last month's market action index of 92. Inventory has decreased to 14. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 85033

Mon Jan 17 2022
This week the median list price for Phoenix, AZ 85033 is $343,500 with the market action index hovering around 87. This is less than last month's market action index of 92. Inventory has decreased to 14. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $343,500
Median Price of New Listings $350,000
Per Square Foot $236
Average Days on Market 23
Median Days on Market 14
Price Decreased 21%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent $2,175
Market Action 87
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$364,900 1,530 8,000 - 10,000 sqft 3 2 44 3 0 0
$350,000 1,677 6,500 - 8,000 sqft 4 2 39 2 0 21
$341,000 1,478 6,500 - 8,000 sqft 3 2 58 1 0 31
$314,500 1,327 6,500 - 8,000 sqft 3 1.3 61 2 3 7