the AZ market
Phoenix, AZ 85008
Single-Family Homes
Phoenix, AZ 85008
Fri Sep 04 2026
This week the median list price for Phoenix, AZ 85008 is $495,742 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has increased to 76.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.
Real-Time Market Profile
| Median List Price | $495,742 | |
| Median Price of New Listings | $239,900 | |
| Per Square Foot | $336 | |
| Average Days on Market | 104 | |
| Median Days on Market | 63 | |
| Price Decreased | 54% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 76 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $897,990 | 2,211 | 8,000 - 10,000 sqft | 4 | 3 | 62 | 0 | 1 | 63 |
| $550,000 | 1,710 | 6,500 - 8,000 sqft | 3 | 2 | 73 | 0 | 3 | 98 |
| $445,000 | 1,375 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 1 | 1 | 35 |
| $250,000 | 995 | 0 - 4,500 sqft | 2 | 2 | 27 | 2 | 1 | 35 |