Your Localized Market Report

Phoenix, AZ 85045

Single-Family Homes

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Phoenix, AZ 85045

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85045 is $759,950 with the market action index hovering around 78. This is less than last month's market action index of 87. Inventory has increased to 22. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 85045

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85045 is $759,950 with the market action index hovering around 78. This is less than last month's market action index of 87. Inventory has increased to 22. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $759,950
Median Price of New Listings $789,900
Per Square Foot $276
Average Days on Market 24
Median Days on Market 11
Price Decreased 36%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent
Market Action 78
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,000,000 3,680 0.25 - 0.5 acre 4 3.5 17 1 0 14
$875,000 2,756 0.25 - 0.5 acre 4 2.5 24 3 1 14
$747,450 2,904 6,500 - 8,000 sqft 4 3 16 2 0 7
$586,750 2,116 4,500 - 6,500 sqft 3 2.5 18 2 0 24