Your Localized Market Report
Phoenix, AZ 85007
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85007
Fri Oct 09 2026
This week the median list price for Phoenix, AZ 85007 is $528,950 with the market action index hovering around 34. This is less than last month's market action index of 37. Inventory has increased to 42.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $528,950 | |
| Median Price of New Listings | $750,000 | |
| Per Square Foot | $362 | |
| Average Days on Market | 101 | |
| Median Days on Market | 70 | |
| Price Decreased | 57% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 42 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 | 2,678 | 0.25 - 0.5 acre | 4 | 3 | 87 | 2 | 0 | 119 |
| $699,250 | 1,886 | 6,500 - 8,000 sqft | 3 | 2 | 83 | 3 | 0 | 28 |
| $475,000 | 1,268 | 6,500 - 8,000 sqft | 3 | 2 | 88 | 2 | 1 | 77 |
| $310,000 | 1,014 | 4,500 - 6,500 sqft | 3 | 1.8 | 84 | 0 | 2 | 70 |