Lawyers Title Market Report

Phoenix, AZ 85022

Single-Family Homes

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Phoenix, AZ 85022

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. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85022

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. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix 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
Price Decreased 25%
Price Increased 4%
Relisted 4%
Inventory 28
Median Rent $2,300
Market Action 93
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.

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
$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