Old Republic Title Market Report

Phoenix, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Phoenix, AZ

Sun Oct 25 2020
This week the median list price for Phoenix, AZ is $449,900 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has held steady at or around 1,207. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Phoenix, AZ

Sun Oct 25 2020
This week the median list price for Phoenix, AZ is $449,900 with the market action index hovering around 73. This is about the same as last month's market action index of 73. Inventory has held steady at or around 1,207. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $449,900
Per Square Foot $221
Days on Market 55
Price Decreased 36%
Price Increased 7%
Relisted 5%
Inventory 1,207
Median Rent $1,850
Most Expensive $8,900,000
Least Expensive $80,000
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
$1,195,000 3,829 0.25 - 0.5 acre 4 3 23 41 44 98
$550,000 2,292 8,000 - 10,000 sqft 4 2 30 77 68 42
$369,944 1,792 0 - 4,500 sqft 3 2 40 104 88 40
$259,950 1,442 0 - 4,500 sqft 3 2 52 119 118 37