Single-Family Homes
Mon Dec 02 2024
This week the median list price for Phoenix, AZ 85018 is $1,995,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has held steady at or around 127.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $1,995,000 | |
Median Price of New Listings | $1,250,000 | |
Per Square Foot | $611 | |
Average Days on Market | 95 | |
Median Days on Market | 56 | |
Price Decreased | 46% | |
Price Increased | 1% | |
Relisted | 5% | |
Inventory | 127 | |
Median Rent | ||
Market Action | 34 | |
Slight Seller's Advantage |
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,839,999 | 5,209 | 0.5 - 1 acre | 5 | 5 | 20 | 5 | 5 | 28 |
$2,425,000 | 3,599 | 0.25 - 0.5 acre | 4 | 4 | 13 | 1 | 5 | 80 |
$1,502,500 | 2,698 | 8,000 - 10,000 sqft | 4 | 3 | 62 | 2 | 3 | 52 |
$749,950 | 1,629 | 6,500 - 8,000 sqft | 3 | 2 | 69 | 5 | 3 | 49 |