Clear Title Agency of Arizona

Phoenix, AZ 85006

Single-Family Homes

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Phoenix, AZ 85006

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85006 is $477,499 with the market action index hovering around 63. This is less than last month's market action index of 71. Inventory has increased to 40. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85006

Fri Jul 01 2022
This week the median list price for Phoenix, AZ 85006 is $477,499 with the market action index hovering around 63. This is less than last month's market action index of 71. Inventory has increased to 40. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $477,499
Median Price of New Listings $438,950
Per Square Foot $385
Average Days on Market 34
Median Days on Market 21
Price Decreased 63%
Price Increased 5%
Relisted 8%
Inventory 40
Median Rent
Market Action 63
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$660,000 1,523 8,000 - 10,000 sqft 3 2 80 1 1 21
$530,000 1,186 6,500 - 8,000 sqft 2 2 87 3 1 28
$449,999 1,192 6,500 - 8,000 sqft 3 2 77 2 0 31
$349,700 1,050 6,500 - 8,000 sqft 2 1 92 4 4 14