Your Localized Market Report

Phoenix, AZ 85053

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Phoenix, AZ 85053

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85053 is $422,450 with the market action index hovering around 70. This is less than last month's market action index of 71. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85053

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85053 is $422,450 with the market action index hovering around 70. This is less than last month's market action index of 71. Inventory has decreased to 26. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $422,450
Median Price of New Listings $415,000
Per Square Foot $276
Average Days on Market 46
Median Days on Market 28
Price Decreased 27%
Price Increased 8%
Relisted 4%
Inventory 26
Median Rent $1,995
Market Action 70
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
$645,450 1,920 0.5 - 1 acre 3 2 50 2 1 66
$449,450 1,550 6,500 - 8,000 sqft 3 2 47 2 3 7
$415,000 1,771 8,000 - 10,000 sqft 3 2 47 2 1 28
$365,000 1,384 6,500 - 8,000 sqft 3 2 49 3 2 35