Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85037

Single-Family Homes

Realty Executives



Phoenix, AZ 85037

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. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 85037

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. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $283,500
Per Square Foot $166
Days on Market 26
Price Decreased 20%
Price Increased 13%
Relisted 0%
Inventory 15
Median Rent $1,643
Most Expensive $398,900
Least Expensive $235,000
Market Action 97
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.

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
$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