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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|