Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Thu Aug 06 2020
This week the median list price for Phoenix, AZ is $489,000 with the market action index hovering around 68. This is an increase over last month's market action index of 62. Inventory has held steady at or around 1,069. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Phoenix, AZ

Thu Aug 06 2020
This week the median list price for Phoenix, AZ is $489,000 with the market action index hovering around 68. This is an increase over last month's market action index of 62. Inventory has held steady at or around 1,069. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $489,000
Per Square Foot $222
Days on Market 76
Price Decreased 34%
Price Increased 7%
Relisted 6%
Inventory 1,069
Median Rent $1,975
Most Expensive $8,000,000
Least Expensive $80,000
Market Action 68
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.

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
$1,200,000 3,979 0.25 - 0.5 acre 4 4 21 32 34 133
$599,900 2,634 8,000 - 10,000 sqft 4 3 30 53 55 66
$394,129 1,858 0 - 4,500 sqft 3 2 30 80 76 58
$264,250 1,443 0 - 4,500 sqft 3 2 56 135 124 43