Single-Family Homes
Wed Apr 24 2024
This week the median list price for Phoenix, AZ 85018 is $2,000,000 with the market action index hovering around 37. This is an increase over last month's market action index of 34. Inventory has held steady at or around 135.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $2,000,000 | |
Median Price of New Listings | $1,624,500 | |
Per Square Foot | $611 | |
Average Days on Market | 100 | |
Median Days on Market | 56 | |
Price Decreased | 53% | |
Price Increased | 2% | |
Relisted | 7% | |
Inventory | 135 | |
Median Rent | ||
Market Action | 37 | |
Slight Seller's Advantage |
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$5,000,000 | 5,559 | 0.5 - 1 acre | 5 | 5 | 10 | 1 | 2 | 77 |
$2,325,000 | 3,648 | 0.25 - 0.5 acre | 4 | 4 | 30 | 5 | 2 | 45 |
$1,469,000 | 2,705 | 8,000 - 10,000 sqft | 4 | 3 | 53 | 5 | 4 | 49 |
$959,500 | 1,953 | 6,500 - 8,000 sqft | 3 | 2 | 68 | 5 | 5 | 59 |