Lawyers Title Market Report

Phoenix, AZ 85018

Single-Family Homes

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Phoenix, AZ 85018

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85018 is $1,795,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has decreased to 43. 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 85018

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85018 is $1,795,000 with the market action index hovering around 68. This is less than last month's market action index of 70. Inventory has decreased to 43. 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 $1,795,000
Median Price of New Listings $1,064,000
Per Square Foot $499
Average Days on Market 55
Median Days on Market 35
Price Decreased 26%
Price Increased 5%
Relisted 5%
Inventory 43
Median Rent $5,995
Market Action 68
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$4,985,000 7,314 1 - 2.5 acres 5 6 23 2 4 56
$2,645,000 3,739 0.5 - 1 acre 4 4 53 1 2 56
$1,345,000 3,039 0.25 - 0.5 acre 4 3 50 2 5 49
$778,000 1,880 8,000 - 10,000 sqft 3 2 68 5 3 7