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Phoenix, AZ 85014

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85014

Mon Dec 11 2023
This week the median list price for Phoenix, AZ 85014 is $725,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 37. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Phoenix, AZ 85014

Mon Dec 11 2023
This week the median list price for Phoenix, AZ 85014 is $725,000 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has decreased to 37. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $725,000
Median Price of New Listings $1,450,000
Per Square Foot $379
Average Days on Market 67
Median Days on Market 35
Price Decreased 51%
Price Increased 0%
Relisted 5%
Inventory 37
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,000,000 2,554 0.25 - 0.5 acre 4 4 72 2 0 28
$800,000 1,961 6,500 - 8,000 sqft 3 3 66 0 2 28
$687,000 1,981 6,500 - 8,000 sqft 3 2 69 0 2 56
$542,394 1,444 6,500 - 8,000 sqft 3 2 71 1 2 73