BUDWIG TEAM REPORTS

Phoenix, AZ 85050

Single-Family Homes

Your Arizona Real Estate Team



Phoenix, AZ 85050

Wed Feb 21 2024
This week the median list price for Phoenix, AZ 85050 is $849,900 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has increased to 37. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Phoenix, AZ 85050

Wed Feb 21 2024
This week the median list price for Phoenix, AZ 85050 is $849,900 with the market action index hovering around 53. This is an increase over last month's market action index of 50. Inventory has increased to 37. 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 strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $849,900
Median Price of New Listings $882,500
Per Square Foot $355
Average Days on Market 87
Median Days on Market 28
Price Decreased 43%
Price Increased 14%
Relisted 16%
Inventory 37
Median Rent
Market Action 53
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,399,999 3,740 0.25 - 0.5 acre 4 4 9 2 0 42
$999,000 2,774 6,500 - 8,000 sqft 3 3 13 3 2 14
$673,000 2,039 4,500 - 6,500 sqft 4 3 26 0 1 56
$587,000 1,795 4,500 - 6,500 sqft 3 3 28 4 3 28