BUDWIG TEAM REPORTS

Phoenix, AZ 85050

Single-Family Homes

Your Arizona Real Estate Team



Phoenix, AZ 85050

Thu Sep 21 2023
This week the median list price for Phoenix, AZ 85050 is $799,999 with the market action index hovering around 70. This is less than last month's market action index of 72. Inventory has increased to 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ 85050

Thu Sep 21 2023
This week the median list price for Phoenix, AZ 85050 is $799,999 with the market action index hovering around 70. This is less than last month's market action index of 72. Inventory has increased to 31. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $799,999
Median Price of New Listings $834,950
Per Square Foot $341
Average Days on Market 97
Median Days on Market 28
Price Decreased 39%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent
Market Action 70
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,130,000 3,567 8,000 - 10,000 sqft 4 4 13 2 2 28
$914,950 2,591 4,500 - 6,500 sqft 4 3 3 1 1 24
$690,000 2,000 4,500 - 6,500 sqft 3 2.5 27 1 1 28
$574,500 1,809 0 - 4,500 sqft 3 3 30 2 4 10