Navi Title Agency

Phoenix, AZ 85042

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85042

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. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ 85042

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. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix 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
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 44
Median Rent
Market Action 56
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.

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
$1,050,000 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