BUDWIG TEAM REPORTS

Phoenix, AZ 85050

Single-Family Homes

Your Arizona Real Estate Team



Phoenix, AZ 85050

Sat Jul 20 2024
This week the median list price for Phoenix, AZ 85050 is $869,450 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 58. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Phoenix, AZ 85050

Sat Jul 20 2024
This week the median list price for Phoenix, AZ 85050 is $869,450 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has increased to 58. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $869,450
Median Price of New Listings $695,000
Per Square Foot $350
Average Days on Market 43
Median Days on Market 35
Price Decreased 53%
Price Increased 2%
Relisted 7%
Inventory 58
Median Rent
Market Action 51
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,519,950 3,670 8,000 - 10,000 sqft 4 4 8 3 1 38
$996,000 3,083 4,500 - 6,500 sqft 4 3 12 0 2 45
$735,900 2,053 6,500 - 8,000 sqft 4 2 28 1 1 14
$520,000 1,444 4,500 - 6,500 sqft 3 2 27 3 4 42