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Phoenix, AZ 85034
Single-Family Homes
Here is your weekly Market Update!
Phoenix, AZ 85034
Wed Jul 02 2025
This week the median list price for Phoenix, AZ 85034 is $399,900 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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
| Median List Price | $399,900 | |
| Median Price of New Listings | $399,900 | |
| Per Square Foot | $291 | |
| Average Days on Market | 91 | |
| Median Days on Market | 84 | |
| Price Decreased | 60% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $511,500 | 1,400 | 8,000 - 10,000 sqft | 3 | 2 | 23 | 0 | 1 | 140 |
| $399,900 | 3,265 | 0.25 - 0.5 acre | 4 | 4 | 74 | 1 | 0 | 0 |
| $345,000 | 986 | 6,500 - 8,000 sqft | 3 | 2 | 89 | 0 | 1 | 154 |
| $200,000 | 940 | 6,500 - 8,000 sqft | 2 | 1 | 90 | 0 | 0 | 21 |