Navi Title Agency

Phoenix, AZ 85050

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85050

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85050 is $840,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has decreased to 25. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85050

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85050 is $840,000 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has decreased to 25. Click here to stay informed with the Phoenix market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $840,000
Median Price of New Listings $880,000
Per Square Foot $351
Average Days on Market 87
Median Days on Market 35
Price Decreased 68%
Price Increased 0%
Relisted 12%
Inventory 25
Median Rent
Market Action 57
Strong Seller's Market

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.

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
$1,247,500 3,637 0.25 - 0.5 acre 4 3.5 16 1 1 52
$1,024,900 2,898 4,500 - 6,500 sqft 3 2.5 10 2 1 21
$714,950 2,001 6,500 - 8,000 sqft 3 2 25 1 0 38
$584,500 1,561 4,500 - 6,500 sqft 3 2 27 2 0 21