The First American Title Market Report

Phoenix, AZ 85050

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85050

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85050 is $638,500 with the market action index hovering around 76. This is less than last month's market action index of 79. Inventory has held steady at or around 36. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85050

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85050 is $638,500 with the market action index hovering around 76. This is less than last month's market action index of 79. Inventory has held steady at or around 36. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $638,500
Per Square Foot $227
Days on Market 49
Price Decreased 39%
Price Increased 8%
Relisted 8%
Inventory 36
Median Rent $2,500
Most Expensive $1,133,000
Least Expensive $299,900
Market Action 76
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$950,000 3,943 8,000 - 10,000 sqft 4 3 12 3 0 27
$730,000 3,785 8,000 - 10,000 sqft 4 4 13 1 1 94
$575,000 2,236 0 - 4,500 sqft 3 2 11 2 2 47
$364,000 1,551 0 - 4,500 sqft 3 2 30 5 4 28