Your Localized Market Report

Phoenix, AZ 85019

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Phoenix, AZ 85019

Thu Mar 28 2024
This week the median list price for Phoenix, AZ 85019 is $380,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has decreased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Thu Mar 28 2024
This week the median list price for Phoenix, AZ 85019 is $380,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has decreased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $380,000
Median Price of New Listings $387,999
Per Square Foot $232
Average Days on Market 70
Median Days on Market 63
Price Decreased 57%
Price Increased 5%
Relisted 10%
Inventory 21
Median Rent
Market Action 50
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$409,000 1,818 4,500 - 6,500 sqft 4 2 64 2 1 49
$385,000 1,656 6,500 - 8,000 sqft 3 2 63 2 1 70
$370,000 1,421 6,500 - 8,000 sqft 3 2 65 1 0 84
$336,000 1,394 6,500 - 8,000 sqft 3 2 64 1 2 45