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 Dec 01 2023
This week the median list price for Phoenix, AZ 85034 is $635,000 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Phoenix, AZ 85034

Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85034 is $635,000 with the market action index hovering around 43. This is an increase over last month's market action index of 37. Inventory has held steady at or around 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $635,000
Median Price of New Listings $0
Per Square Foot $132
Average Days on Market 112
Median Days on Market 112
Price Decreased 100%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks 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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$635,000 4,792 8,000 - 10,000 sqft 5 5 38 0 0 112