Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Sat Jan 23 2021
This week the median list price for Phoenix, AZ is $459,900 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 760. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Phoenix, AZ

Sat Jan 23 2021
This week the median list price for Phoenix, AZ is $459,900 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 760. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $459,900
Per Square Foot $238
Days on Market 68
Price Decreased 33%
Price Increased 8%
Relisted 5%
Inventory 760
Median Rent $1,895
Most Expensive $8,900,000
Least Expensive $128,900
Market Action 73
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$1,390,000 4,408 0.5 - 1 acre 4 4 20 29 32 112
$582,054 2,318 8,000 - 10,000 sqft 4 2 32 42 64 68
$379,450 1,706 6,500 - 8,000 sqft 3 2 47 68 75 45
$259,950 1,326 6,500 - 8,000 sqft 3 2 60 74 97 46