Your Localized Market Report
Phoenix, AZ 85054
Single-Family Homes
Lawyers Title Arizona www.LawyersTitleArizona.com
Phoenix, AZ 85054
Sat May 09 2026
This week the median list price for Phoenix, AZ 85054 is $999,000 with the market action index hovering around 34. This is an increase over last month's market action index of 33. Inventory has increased to 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $999,000 | |
| Median Price of New Listings | $999,000 | |
| Per Square Foot | $431 | |
| Average Days on Market | 104 | |
| Median Days on Market | 42 | |
| Price Decreased | 58% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 33 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,499,000 | 3,399 | 8,000 - 10,000 sqft | 4 | 4 | 4 | 0 | 0 | 35 |
| $1,162,500 | 2,520 | 6,500 - 8,000 sqft | 4 | 3 | 3 | 1 | 1 | 31 |
| $899,499 | 2,016 | 4,500 - 6,500 sqft | 4 | 3 | 7 | 0 | 0 | 35 |
| $489,500 | 1,460 | 0 - 4,500 sqft | 2 | 2 | 17 | 0 | 0 | 213 |