Your Localized Market Report

Phoenix, AZ 85053

Single-Family Homes

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Phoenix, AZ 85053

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85053 is $396,000 with the market action index hovering around 49. This is less than last month's market action index of 51. Inventory has held steady at or around 51. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85053

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85053 is $396,000 with the market action index hovering around 49. This is less than last month's market action index of 51. Inventory has held steady at or around 51. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $396,000
Median Price of New Listings $337,000
Per Square Foot $247
Average Days on Market 67
Median Days on Market 49
Price Decreased 63%
Price Increased 4%
Relisted 8%
Inventory 51
Median Rent
Market Action 49
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$479,000 2,082 0.25 - 0.5 acre 4 2 45 1 0 66
$428,900 1,852 8,000 - 10,000 sqft 3 2 48 0 0 84
$381,000 1,522 6,500 - 8,000 sqft 3 2 45 2 5 28
$325,000 1,128 4,500 - 6,500 sqft 3 2 51 4 0 35