Tue Nov 24 2020
This week the median list price for Phoenix, AZ 85032 is $417,450 with the market action index hovering around 88. This is an increase over last month's market action index of 85. Inventory has held steady at or around 48.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$417,450|
|Per Square Foot||$218|
|Days on Market||37|
|Strong Seller's Market|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$587,450||2,460||0.25 - 0.5 acre||4||2||29||2||2||65|
|$448,950||1,962||0.25 - 0.5 acre||3||2||43||3||2||30|
|$372,450||1,916||6,500 - 8,000 sqft||3||2||49||4||3||29|
|$341,950||1,419||6,500 - 8,000 sqft||3||2||44||7||14||20|