Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85012

Single-Family Homes

Realty Executives



Phoenix, AZ 85012

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85012 is $1,375,000 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has held steady at or around 11. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Phoenix, AZ 85012

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85012 is $1,375,000 with the market action index hovering around 52. This is less than last month's market action index of 59. Inventory has held steady at or around 11. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $1,375,000
Per Square Foot $336
Days on Market 96
Price Decreased 36%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent
Most Expensive $3,900,000
Least Expensive $375,000
Market Action 52
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$3,197,500 9,652 1 - 2.5 acres 6 7 72 0 0 343
$1,600,000 5,015 0.25 - 0.5 acre 5 5 2 0 1 35
$899,999 2,580 0.25 - 0.5 acre 4 2 57 1 1 18
$499,900 2,069 8,000 - 10,000 sqft 3 2 47 0 1 70