Lawyers Title Market Report

Phoenix, AZ 85012

Single-Family Homes

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Phoenix, AZ 85012

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85012 is $679,950 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has increased to 9. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, AZ 85012

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85012 is $679,950 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has increased to 9. 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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $679,950
Median Price of New Listings $679,950
Per Square Foot $334
Average Days on Market 23
Median Days on Market 14
Price Decreased 44%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $2,475
Market Action 47
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$2,794,000 4,955 0.5 - 1 acre 5 5 41 0 0 38
$1,925,000 3,109 0.25 - 0.5 acre 4 3 33 0 2 14
$664,975 2,084 6,500 - 8,000 sqft 3 2 74 1 2 7
$374,900 1,344 4,500 - 6,500 sqft 3 1 78 0 0 28