Lawyers Title Market Report

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Tue Jul 14 2020
This week the median list price for Phoenix, AZ is $475,000 with the market action index hovering around 62. This is an increase over last month's market action index of 55. Inventory has held steady at or around 1,123. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ

Tue Jul 14 2020
This week the median list price for Phoenix, AZ is $475,000 with the market action index hovering around 62. This is an increase over last month's market action index of 55. Inventory has held steady at or around 1,123. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $475,000
Per Square Foot $219
Days on Market 82
Price Decreased 37%
Price Increased 7%
Relisted 6%
Inventory 1,123
Median Rent $1,975
Most Expensive $8,000,000
Least Expensive $80,000
Market Action 62
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,144,000 3,810 0.25 - 0.5 acre 4 4 23 22 29 138
$595,000 2,616 8,000 - 10,000 sqft 4 3 26 51 77 80
$395,000 1,924 0 - 4,500 sqft 4 2 31 82 79 58
$260,000 1,529 0 - 4,500 sqft 3 2 50 126 143 51