Your Localized Market Report

Phoenix, AZ 85083

Single-Family Homes

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Phoenix, AZ 85083

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85083 is $695,000 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has decreased to 17. 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 85083

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85083 is $695,000 with the market action index hovering around 69. This is about the same as last month's market action index of 69. Inventory has decreased to 17. 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 $695,000
Median Price of New Listings $695,000
Per Square Foot $248
Average Days on Market 58
Median Days on Market 56
Price Decreased 35%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent $2,575
Market Action 69
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$1,587,000 4,522 1 - 2.5 acres 5 5 15 0 0 101
$774,450 3,349 6,500 - 8,000 sqft 4 3 18 0 2 45
$691,500 3,026 8,000 - 10,000 sqft 4 2.8 15 2 2 35
$639,000 2,455 8,000 - 10,000 sqft 4 2.5 20 1 2 14