Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85009

Single-Family Homes

Realty Executives



Phoenix, AZ 85009

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85009 is $232,450 with the market action index hovering around 66. This is less than last month's market action index of 72. Inventory has held steady at or around 24. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Phoenix, AZ 85009

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85009 is $232,450 with the market action index hovering around 66. This is less than last month's market action index of 72. Inventory has held steady at or around 24. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $232,450
Per Square Foot $166
Days on Market 46
Price Decreased 42%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent $1,000
Most Expensive $750,000
Least Expensive $139,900
Market Action 66
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$339,394 2,619 8,000 - 10,000 sqft 4 2 65 0 0 65
$276,500 1,295 0 - 4,500 sqft 3 2 69 2 0 18
$214,999 1,283 0 - 4,500 sqft 2 2 71 1 2 53
$170,000 1,111 0 - 4,500 sqft 3 1 73 3 1 46