Your Localized Market Report
Phoenix, AZ
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ
Mon Aug 10 2026
This week the median list price for Phoenix, AZ is $515,969 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has decreased to 2,651.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.
Real-Time Market Profile
| Median List Price | $515,969 | |
| Median Price of New Listings | $482,450 | |
| Per Square Foot | $293 | |
| Average Days on Market | 93 | |
| Median Days on Market | 63 | |
| Price Decreased | 52% | |
| Price Increased | 2% | |
| Relisted | 6% | |
| Inventory | 2,651 | |
| Median Rent | ||
| Market Action | 38 | |
| Slight Seller's Advantage | ||
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,174,900 | 3,038 | 0.25 - 0.5 acre | 4 | 3 | 26 | 39 | 67 | 84 |
| $630,000 | 2,077 | 6,500 - 8,000 sqft | 4 | 2.5 | 32 | 65 | 71 | 56 |
| $440,990 | 1,644 | 6,500 - 8,000 sqft | 3 | 2 | 40 | 49 | 82 | 56 |
| $344,900 | 1,294 | 4,500 - 6,500 sqft | 3 | 2 | 53 | 71 | 88 | 56 |