the AZ market
Phoenix, AZ 85051
Single-Family Homes
Phoenix, AZ 85051
Fri Sep 04 2026
This week the median list price for Phoenix, AZ 85051 is $380,950 with the market action index hovering around 40. This is less than last month's market action index of 43. Inventory has increased to 62.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $380,950 | |
| Median Price of New Listings | $309,900 | |
| Per Square Foot | $235 | |
| Average Days on Market | 67 | |
| Median Days on Market | 42 | |
| Price Decreased | 53% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 62 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bounce around this 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 |
|---|---|---|---|---|---|---|---|---|
| $457,450 | 2,015 | 8,000 - 10,000 sqft | 4 | 2 | 55 | 1 | 0 | 49 |
| $396,000 | 1,759 | 6,500 - 8,000 sqft | 3 | 2 | 60 | 0 | 2 | 42 |
| $359,499 | 1,276 | 6,500 - 8,000 sqft | 3 | 2 | 59 | 0 | 2 | 77 |
| $300,000 | 1,180 | 4,500 - 6,500 sqft | 3 | 1.5 | 60 | 2 | 4 | 35 |