Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85029 is $449,900 with the market action index hovering around 85. This is less than last month's market action index of 90. Inventory has increased to 55.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$449,900|
|Median Price of New Listings||$440,000|
|Per Square Foot||$278|
|Average Days on Market||27|
|Median Days on Market||7|
|Strong Seller's Market|
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$725,000||2,497||0.25 - 0.5 acre||4||2||44||6||1||7|
|$467,500||1,637||6,500 - 8,000 sqft||3||2||51||5||3||10|
|$429,949||1,607||6,500 - 8,000 sqft||3||2||54||6||1||17|
|$394,900||1,547||6,500 - 8,000 sqft||3||2||51||8||5||3|