Your Localized Market Report

Phoenix, AZ 85045

Single-Family Homes

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Phoenix, AZ 85045

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85045 is $685,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Phoenix, AZ 85045

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85045 is $685,000 with the market action index hovering around 68. This is less than last month's market action index of 69. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $685,000
Median Price of New Listings $556,000
Per Square Foot $283
Average Days on Market 45
Median Days on Market 14
Price Decreased 22%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $2,495
Market Action 68
Strong Seller's Market

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$850,500 3,072 0.25 - 0.5 acre 4 2.8 19 1 0 52
$761,536 2,911 8,000 - 10,000 sqft 4 3 25 1 0 84
$658,500 2,728 4,500 - 6,500 sqft 4 2.8 23 0 0 59
$420,000 1,484 4,500 - 6,500 sqft 3 2 20 3 2 0