Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85037 is $283,500 with the market action index hovering around 97. This is about the same as last month's market action index of 97. Inventory has held steady at or around 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$283,500|
|Per Square Foot||$166|
|Days on Market||26|
|Strong Seller's Market|
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$384,990||2,639||0 - 4,500 sqft||4||3||16||2||3||9|
|$295,995||1,767||0 - 4,500 sqft||3||2||7||2||2||52|
|$270,000||1,725||0 - 4,500 sqft||3||2||22||1||4||22|
|$246,325||1,381||0 - 4,500 sqft||3||2||34||4||5||15|