Your Localized Market Report

Phoenix, AZ 85023

Single-Family Homes

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Phoenix, AZ 85023

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85023 is $461,500 with the market action index hovering around 75. This is an increase over last month's market action index of 72. Inventory has decreased to 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

Phoenix, AZ 85023

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85023 is $461,500 with the market action index hovering around 75. This is an increase over last month's market action index of 72. Inventory has decreased to 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

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $461,500
Median Price of New Listings $429,000
Per Square Foot $277
Average Days on Market 49
Median Days on Market 35
Price Decreased 44%
Price Increased 6%
Relisted 6%
Inventory 18
Median Rent $1,900
Market Action 75
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$702,450 2,397 0.25 - 0.5 acre 4 2.8 40 0 2 56
$520,000 2,164 6,500 - 8,000 sqft 4 2.8 30 1 3 21
$444,000 1,710 8,000 - 10,000 sqft 3 2 44 1 2 35
$349,000 1,176 6,500 - 8,000 sqft 3 2 49 2 1 35