Lawyers Title Market Report

Phoenix, AZ 85033

Single-Family Homes

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Phoenix, AZ 85033

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85033 is $317,500 with the market action index hovering around 94. This is an increase over last month's market action index of 93. Inventory has increased to 16. 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 recently plateaued. 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 Jun 21 2021
This week the median list price for Phoenix, AZ 85033 is $317,500 with the market action index hovering around 94. This is an increase over last month's market action index of 93. Inventory has increased to 16. 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 recently plateaued. 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 $317,500
Median Price of New Listings $317,500
Per Square Foot $198
Average Days on Market 6
Median Days on Market 0
Price Decreased 0%
Price Increased 6%
Relisted 0%
Inventory 16
Median Rent $1,399
Market Action 94
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
$349,900 1,766 6,500 - 8,000 sqft 3 2 53 2 2 3
$322,500 1,785 6,500 - 8,000 sqft 3 2 49 3 2 0
$307,500 1,551 6,500 - 8,000 sqft 3 2 52 3 3 7
$289,500 1,343 4,500 - 6,500 sqft 3 2 60 2 3 3