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Phoenix, AZ 85006

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Phoenix, AZ 85006

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85006 is $512,500 with the market action index hovering around 59. This is an increase over last month's market action index of 52. Inventory has decreased to 22. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85006

Fri Jan 21 2022
This week the median list price for Phoenix, AZ 85006 is $512,500 with the market action index hovering around 59. This is an increase over last month's market action index of 52. Inventory has decreased to 22. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $512,500
Median Price of New Listings $475,000
Per Square Foot $361
Average Days on Market 74
Median Days on Market 35
Price Decreased 45%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent $2,770
Market Action 59
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$724,900 1,888 6,500 - 8,000 sqft 3 3 80 0 1 35
$590,000 1,850 4,500 - 6,500 sqft 3 2 73 2 1 56
$484,999 1,209 6,500 - 8,000 sqft 2 1 78 1 2 21
$394,000 1,018 6,500 - 8,000 sqft 3 1.5 86 2 4 129