Your Localized Market Report
Phoenix, AZ 85007
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85007
Tue May 12 2026
This week the median list price for Phoenix, AZ 85007 is $675,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $675,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $381 | |
| Average Days on Market | 104 | |
| Median Days on Market | 63 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 51 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
Despite this week’s down tic, the price trend in this zip code remains upward for several weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,349,900 | 3,012 | 0.25 - 0.5 acre | 4 | 3 | 87 | 0 | 2 | 35 |
| $795,000 | 2,005 | 6,500 - 8,000 sqft | 3 | 2 | 81 | 0 | 0 | 70 |
| $559,000 | 1,373 | 6,500 - 8,000 sqft | 3 | 2 | 86 | 0 | 1 | 70 |
| $331,000 | 1,269 | 6,500 - 8,000 sqft | 3 | 2 | 75 | 0 | 2 | 63 |