Thu Sep 21 2023
This week the median list price for Phoenix, AZ 85048 is $675,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has decreased to 27.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$675,000|
|Median Price of New Listings||$622,000|
|Per Square Foot||$282|
|Average Days on Market||26|
|Median Days on Market||21|
|Strong Seller's Market|
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,219,499||3,918||0.25 - 0.5 acre||5||4||30||0||2||38|
|$825,000||3,111||8,000 - 10,000 sqft||4||3||29||2||3||28|
|$615,000||2,303||4,500 - 6,500 sqft||4||3||32||2||2||14|
|$550,000||2,035||4,500 - 6,500 sqft||4||3||31||2||2||7|