Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85008 is $518,000 with the market action index hovering around 61. This is less than last month's market action index of 66. Inventory has decreased to 25.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$518,000|
|Median Price of New Listings||$539,000|
|Per Square Foot||$328|
|Average Days on Market||44|
|Median Days on Market||35|
|Strong Seller's Market|
We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$850,000||2,451||0.25 - 0.5 acre||3||3||66||2||0||31|
|$570,000||1,735||8,000 - 10,000 sqft||3||2||55||1||2||28|
|$424,900||1,487||6,500 - 8,000 sqft||3||2||71||2||3||14|
|$359,000||1,104||6,500 - 8,000 sqft||2||1||77||0||1||63|