Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85007 is $605,000 with the market action index hovering around 66. This is about the same as last month's market action index of 66. Inventory has held steady at or around 11.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$605,000|
|Median Price of New Listings||$0|
|Per Square Foot||$261|
|Average Days on Market||95|
|Median Days on Market||63|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$874,950||3,272||0.25 - 0.5 acre||4||4||81||0||0||101|
|$699,000||1,448||6,500 - 8,000 sqft||3||2||71||0||0||91|
|$535,000||1,808||8,000 - 10,000 sqft||3||2||85||0||1||63|
|$249,900||1,014||4,500 - 6,500 sqft||3||2||90||0||0||35|