Navi Title Agency

Phoenix, AZ 85034

Single-Family Homes

Here is your weekly Market Update!


Current active inventory in Phoenix, AZ 85034 is very low. Keep this in mind when looking at this report.

Phoenix, AZ 85034

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85034 is $389,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Phoenix, AZ 85034

Fri Jun 02 2023
This week the median list price for Phoenix, AZ 85034 is $389,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has decreased to 1. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $389,000
Median Price of New Listings $0
Per Square Foot $309
Average Days on Market 42
Median Days on Market 42
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
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$389,000 1,255 6,500 - 8,000 sqft 3 2 93 0 0 42