Navi Title Agency

Phoenix, AZ 85085

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85085

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85085 is $749,995 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85085

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85085 is $749,995 with the market action index hovering around 54. This is an increase over last month's market action index of 51. Inventory has decreased 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $749,995
Median Price of New Listings $722,495
Per Square Foot $289
Average Days on Market 66
Median Days on Market 49
Price Decreased 63%
Price Increased 5%
Relisted 5%
Inventory 40
Median Rent
Market Action 54
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,087,500 3,233 1 - 2.5 acres 4 3.5 10 3 1 105
$777,500 2,883 8,000 - 10,000 sqft 4 3 10 1 2 56
$714,500 2,605 6,500 - 8,000 sqft 4 2.8 16 2 0 28
$599,500 2,375 4,500 - 6,500 sqft 4 2.8 14 4 4 10