Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85048

Single-Family Homes

Realty Executives



Phoenix, AZ 85048

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85048 is $649,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 45. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85048

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85048 is $649,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 45. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $649,000
Per Square Foot $211
Days on Market 65
Price Decreased 38%
Price Increased 7%
Relisted 2%
Inventory 45
Median Rent $1,899
Most Expensive $3,500,000
Least Expensive $335,000
Market Action 61
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
$1,449,900 5,500 0.5 - 1 acre 5 4 19 0 0 152
$723,850 3,307 0.25 - 0.5 acre 4 3 29 0 1 71
$575,000 3,044 8,000 - 10,000 sqft 4 3 29 2 3 22
$389,949 1,849 0 - 4,500 sqft 3 2 26 7 5 17