The First American Title Market Report

Phoenix, AZ 85044

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85044

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85044 is $464,900 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has held steady at or around 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Phoenix, AZ 85044

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85044 is $464,900 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has held steady at or around 32. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $464,900
Per Square Foot $212
Days on Market 73
Price Decreased 47%
Price Increased 3%
Relisted 3%
Inventory 32
Median Rent $1,850
Most Expensive $3,395,000
Least Expensive $293,500
Market Action 77
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,494,500 6,375 0.5 - 1 acre 5 5 26 0 0 185
$804,000 3,445 0.25 - 0.5 acre 4 3 33 2 3 67
$394,950 1,973 0 - 4,500 sqft 3 2 32 2 2 22
$347,200 1,651 0 - 4,500 sqft 3 2 41 3 5 16