First American Title Market Report
Phoenix, AZ 85050
Single-Family Homes
Phoenix, AZ 85050
Tue Jun 16 2026
This week the median list price for Phoenix, AZ 85050 is $859,999 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has increased to 88.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $859,999 | |
| Median Price of New Listings | $642,500 | |
| Per Square Foot | $336 | |
| Average Days on Market | 74 | |
| Median Days on Market | 46 | |
| Price Decreased | 48% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 88 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,250,000 | 3,762 | 8,000 - 10,000 sqft | 4 | 3.5 | 19 | 2 | 6 | 84 |
| $934,950 | 2,993 | 6,500 - 8,000 sqft | 4 | 2.5 | 20 | 1 | 6 | 49 |
| $732,500 | 2,168 | 6,500 - 8,000 sqft | 4 | 2.5 | 28 | 7 | 4 | 7 |
| $517,500 | 1,553 | 4,500 - 6,500 sqft | 3 | 2.3 | 29 | 2 | 1 | 45 |