Lawyers Title Market Report

Phoenix, AZ 85045

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Current active inventory in Phoenix, AZ 85045 is very low. Keep this in mind when looking at this report.

Phoenix, AZ 85045

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85045 is $615,000 with the market action index hovering around 94. This is an increase over last month's market action index of 85. Inventory has decreased to 3. 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

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.

Phoenix, AZ 85045

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85045 is $615,000 with the market action index hovering around 94. This is an increase over last month's market action index of 85. Inventory has decreased to 3. 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

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

Never miss important changes in the Phoenix market.
Median List Price $615,000
Median Price of New Listings $572,450
Per Square Foot $198
Average Days on Market 2
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent $1,750
Market Action 94
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$615,000 3,152 4,500 - 6,500 sqft 5 3 22 2 3 0
$750,000 3,773 8,000 - 10,000 sqft 5 3 23 0 1 7
$615,000 3,152 4,500 - 6,500 sqft 7 3 16 1 1 0
$529,900 2,181 4,500 - 6,500 sqft 4 3 22 1 1 0