the AZ market
Phoenix, AZ 85044
Single-Family Homes
Phoenix, AZ 85044
Fri Sep 04 2026
This week the median list price for Phoenix, AZ 85044 is $539,900 with the market action index hovering around 43. This is less than last month's market action index of 45. Inventory has increased to 69.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $539,900 | |
| Median Price of New Listings | $500,000 | |
| Per Square Foot | $304 | |
| Average Days on Market | 71 | |
| Median Days on Market | 42 | |
| Price Decreased | 42% | |
| Price Increased | 1% | |
| Relisted | 3% | |
| Inventory | 69 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
Despite this week’s down tick, the price trend in this zip code remains upward for the last few weeks. We’re within sight of the market peak, and we’ll assume this week’s change is just randomness unless we see a persistent downward push of the Market Action Index into the Buyer’s zone.
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 |
|---|---|---|---|---|---|---|---|---|
| $837,499 | 2,895 | 0.25 - 0.5 acre | 4 | 2.8 | 39 | 3 | 2 | 42 |
| $550,000 | 1,817 | 6,500 - 8,000 sqft | 3 | 2 | 34 | 2 | 1 | 42 |
| $489,000 | 1,609 | 4,500 - 6,500 sqft | 3 | 2 | 42 | 3 | 1 | 28 |
| $365,000 | 1,373 | 4,500 - 6,500 sqft | 2 | 2 | 47 | 3 | 1 | 84 |