Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Thu Feb 27 2020
This week the median list price for Phoenix, AZ is $439,994 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 1544. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ

Thu Feb 27 2020
This week the median list price for Phoenix, AZ is $439,994 with the market action index hovering around 51. This is an increase over last month's market action index of 48. Inventory has held steady at or around 1544. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $439,994
Per Square Foot $204
Days on Market 87
Price Decreased 40%
Price Increased 6%
Relisted 6%
Inventory 1,544
Median Rent $1,645
Most Expensive $9,999,999
Least Expensive $80,000
Market Action 51
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,149,450 3,840 0.25 - 0.5 acre 4 4 21 40 28 130
$528,500 2,500 8,000 - 10,000 sqft 4 2 24 60 78 95
$359,900 1,869 0 - 4,500 sqft 3 2 35 104 132 61
$229,900 1,406 0 - 4,500 sqft 3 2 57 101 151 61