Your Localized Market Report

Phoenix, AZ 85033

Single-Family Homes

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Phoenix, AZ 85033

Wed Jul 06 2022
This week the median list price for Phoenix, AZ 85033 is $395,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 56. 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 85033

Wed Jul 06 2022
This week the median list price for Phoenix, AZ 85033 is $395,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 56. 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 $395,000
Median Price of New Listings $370,000
Per Square Foot $262
Average Days on Market 32
Median Days on Market 14
Price Decreased 43%
Price Increased 2%
Relisted 4%
Inventory 56
Median Rent
Market Action 75
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$445,500 1,705 6,500 - 8,000 sqft 4 2.3 52 2 0 21
$399,999 1,542 6,500 - 8,000 sqft 4 2 44 3 1 28
$379,950 1,476 6,500 - 8,000 sqft 3 2 43 3 1 10
$327,500 1,324 4,500 - 6,500 sqft 3 2 55 7 5 3