Your Localized Market Report

Phoenix, AZ 85022

Single-Family Homes

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Phoenix, AZ 85022

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85022 is $575,500 with the market action index hovering around 68. This is less than last month's market action index of 80. Inventory has increased to 69. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85022

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85022 is $575,500 with the market action index hovering around 68. This is less than last month's market action index of 80. Inventory has increased to 69. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $575,500
Median Price of New Listings $540,000
Per Square Foot $310
Average Days on Market 31
Median Days on Market 21
Price Decreased 62%
Price Increased 3%
Relisted 4%
Inventory 69
Median Rent
Market Action 68
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
$950,000 2,776 0.25 - 0.5 acre 4 3 27 2 1 35
$630,000 2,196 8,000 - 10,000 sqft 3 2 40 7 1 21
$525,000 1,750 6,500 - 8,000 sqft 4 2 39 5 4 21
$433,500 1,266 4,500 - 6,500 sqft 3 2 39 7 1 17