Lawyers Title Market Report

Phoenix, AZ 85013

Single-Family Homes

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Phoenix, AZ 85013

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85013 is $564,500 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has decreased to 18. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85013

Sat Jun 12 2021
This week the median list price for Phoenix, AZ 85013 is $564,500 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has decreased to 18. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $564,500
Median Price of New Listings $551,500
Per Square Foot $329
Average Days on Market 31
Median Days on Market 28
Price Decreased 39%
Price Increased 11%
Relisted 0%
Inventory 18
Median Rent $2,700
Market Action 74
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,312,500 3,968 0.25 - 0.5 acre 4 3 70 1 3 14
$799,000 2,865 0.25 - 0.5 acre 3 3 66 1 0 38
$495,000 1,874 6,500 - 8,000 sqft 3 2 66 0 1 28
$428,000 1,125 6,500 - 8,000 sqft 3 1 74 2 1 49