Lawyers Title Market Report

Phoenix, AZ 85035

Single-Family Homes

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Phoenix, AZ 85035

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85035 is $311,200 with the market action index hovering around 97. This is less than last month's market action index of 99. Inventory has decreased to 8. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Phoenix, AZ 85035

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85035 is $311,200 with the market action index hovering around 97. This is less than last month's market action index of 99. Inventory has decreased to 8. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $311,200
Median Price of New Listings $308,450
Per Square Foot $240
Average Days on Market 137
Median Days on Market 25
Price Decreased 0%
Price Increased 38%
Relisted 0%
Inventory 8
Median Rent $1,547
Market Action 97
Strong Seller's Market

Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.

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
$317,949 1,496 8,000 - 10,000 sqft 3 2 22 1 1 24
$313,750 1,152 6,500 - 8,000 sqft 3 2 47 0 0 24
$308,450 1,434 8,000 - 10,000 sqft 3 2 46 2 0 31
$269,500 1,120 4,500 - 6,500 sqft 3 1 43 1 1 469