Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85042 is $669,000 with the market action index hovering around 56. This is an increase over last month's market action index of 52. Inventory has decreased to 44.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$669,000|
|Median Price of New Listings||$641,500|
|Per Square Foot||$290|
|Average Days on Market||71|
|Median Days on Market||28|
|Strong Seller's Market|
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,050,000||3,317||1 - 2.5 acres||4||3.5||9||3||4||28|
|$700,000||2,351||0.25 - 0.5 acre||4||3||4||2||0||28|
|$540,000||2,020||6,500 - 8,000 sqft||3||2||19||2||4||14|
|$399,000||1,309||6,500 - 8,000 sqft||3||2||50||3||4||49|