Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85022 is $555,500 with the market action index hovering around 93. This is an increase over last month's market action index of 90. Inventory has decreased to 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$555,500|
|Median Price of New Listings||$484,900|
|Per Square Foot||$252|
|Average Days on Market||22|
|Median Days on Market||7|
|Strong Seller's Market|
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$775,000||2,721||0.25 - 0.5 acre||4||2||28||4||2||0|
|$599,900||2,383||8,000 - 10,000 sqft||4||2||26||0||1||7|
|$450,000||1,784||0 - 4,500 sqft||3||2||21||4||4||7|
|$375,000||1,589||6,500 - 8,000 sqft||2||2||46||3||3||14|