Your Localized Market Report

Phoenix, AZ 85012

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com


Phoenix, AZ 85012

Mon Oct 13 2025
This week the median list price for Phoenix, AZ 85012 is $670,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 21. 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.

Slight Buyer's Advantage

Market Narrative

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Phoenix, AZ 85012

Mon Oct 13 2025
This week the median list price for Phoenix, AZ 85012 is $670,000 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has decreased to 21. 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.

Slight Buyer's Advantage

Market Narrative

The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $670,000
Median Price of New Listings $2,950,000
Per Square Foot $387
Average Days on Market 108
Median Days on Market 91
Price Decreased 57%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Market Action 29
Slight Buyer's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,272,450 3,258 0.25 - 0.5 acre 3 3.5 45 1 1 84
$724,250 2,349 6,500 - 8,000 sqft 3 2 69 0 0 77
$525,000 1,223 0 - 4,500 sqft 2 2 51 0 0 98
$190,000 822 0 - 4,500 sqft 1 2 65 0 0 105