Your Localized Market Report

Phoenix, AZ 85019

Single-Family Homes

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Phoenix, AZ 85019

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85019 is $342,500 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 30. 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 85019

Sat Dec 03 2022
This week the median list price for Phoenix, AZ 85019 is $342,500 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 30. 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 $342,500
Median Price of New Listings $350,000
Per Square Foot $230
Average Days on Market 60
Median Days on Market 49
Price Decreased 57%
Price Increased 7%
Relisted 3%
Inventory 30
Median Rent
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$399,900 1,600 6,500 - 8,000 sqft 4 2 65 1 0 56
$360,000 1,617 6,500 - 8,000 sqft 4 2 63 1 2 42
$340,000 1,290 4,500 - 6,500 sqft 3 2 62 1 0 10
$316,950 1,423 6,500 - 8,000 sqft 3 2 63 0 1 52