Your Localized Market Report
Phoenix, AZ 85008
Single-Family Homes
Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com
Phoenix, AZ 85008
Wed Apr 08 2026
This week the median list price for Phoenix, AZ 85008 is $497,500 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 76.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $497,500 | |
| Median Price of New Listings | $473,750 | |
| Per Square Foot | $326 | |
| Average Days on Market | 114 | |
| Median Days on Market | 53 | |
| Price Decreased | 39% | |
| Price Increased | 5% | |
| Relisted | 8% | |
| Inventory | 76 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code hover around their high point. Look for a persistent 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 |
|---|---|---|---|---|---|---|---|---|
| $899,900 | 2,371 | 8,000 - 10,000 sqft | 4 | 3 | 70 | 1 | 1 | 49 |
| $579,000 | 1,804 | 6,500 - 8,000 sqft | 3 | 2 | 73 | 3 | 0 | 49 |
| $450,000 | 1,467 | 6,500 - 8,000 sqft | 3 | 2 | 75 | 2 | 2 | 28 |
| $339,000 | 1,026 | 6,500 - 8,000 sqft | 2 | 1 | 76 | 2 | 5 | 252 |