Your Localized Market Report

Phoenix, AZ 85054

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Phoenix, AZ 85054

Tue Jul 01 2025
This week the median list price for Phoenix, AZ 85054 is $789,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 33. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, AZ 85054

Tue Jul 01 2025
This week the median list price for Phoenix, AZ 85054 is $789,000 with the market action index hovering around 31. This is less than last month's market action index of 33. Inventory has held steady at or around 33. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $789,000
Median Price of New Listings $0
Per Square Foot $385
Average Days on Market 59
Median Days on Market 63
Price Decreased 61%
Price Increased 0%
Relisted 0%
Inventory 33
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$1,420,000 3,534 0.25 - 0.5 acre 4 3.5 24 0 1 63
$957,250 2,264 4,500 - 6,500 sqft 4 2.8 17 0 1 45
$674,950 1,959 6,500 - 8,000 sqft 3 2 28 0 0 77
$482,000 1,292 0 - 4,500 sqft 2 2 15 0 0 56