Lawyers Title Market Report

Phoenix, AZ 85051

Single-Family Homes

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Phoenix, AZ 85051

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85051 is $362,450 with the market action index hovering around 100. This is an increase over last month's market action index of 97. Inventory has held steady at or around 18. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ 85051

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85051 is $362,450 with the market action index hovering around 100. This is an increase over last month's market action index of 97. Inventory has held steady at or around 18. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $362,450
Median Price of New Listings $334,950
Per Square Foot $211
Average Days on Market 21
Median Days on Market 7
Price Decreased 6%
Price Increased 11%
Relisted 11%
Inventory 18
Median Rent $1,850
Market Action 100
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$413,450 2,120 8,000 - 10,000 sqft 4 2 51 2 0 28
$387,500 1,945 8,000 - 10,000 sqft 3 2 55 1 2 14
$339,900 1,406 6,500 - 8,000 sqft 3 2 60 4 4 35
$299,000 1,176 4,500 - 6,500 sqft 3 2 62 3 2 0