Navi Title Agency

Phoenix, AZ 85017

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85017

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85017 is $360,000 with the market action index hovering around 65. This is an increase over last month's market action index of 61. Inventory has increased 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ 85017

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85017 is $360,000 with the market action index hovering around 65. This is an increase over last month's market action index of 61. Inventory has increased 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.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $360,000
Median Price of New Listings $360,000
Per Square Foot $250
Average Days on Market 69
Median Days on Market 14
Price Decreased 18%
Price Increased 27%
Relisted 18%
Inventory 11
Median Rent
Market Action 65
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$417,500 1,592 6,500 - 8,000 sqft 3 2 68 0 0 94
$386,000 1,760 6,500 - 8,000 sqft 4 2 63 2 1 14
$360,000 1,440 6,500 - 8,000 sqft 3 2 69 2 2 35
$345,000 1,363 6,500 - 8,000 sqft 4 2 70 1 1 7