The First American Title Market Report

Phoenix, AZ 85044

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85044

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85044 is $505,500 with the market action index hovering around 77. This is less than last month's market action index of 82. Inventory has decreased to 24. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85044

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85044 is $505,500 with the market action index hovering around 77. This is less than last month's market action index of 82. Inventory has decreased to 24. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $505,500
Median Price of New Listings $507,400
Per Square Foot $294
Average Days on Market 24
Median Days on Market 28
Price Decreased 8%
Price Increased 0%
Relisted 0%
Inventory 24
Median Rent $2,199
Market Action 77
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$662,500 2,409 8,000 - 10,000 sqft 4 2.3 31 2 1 38
$522,450 1,900 6,500 - 8,000 sqft 3 2 38 2 2 28
$484,500 1,546 6,500 - 8,000 sqft 3 2 38 1 1 38
$444,950 1,405 6,500 - 8,000 sqft 3 2 39 3 3 3