Arizona's Most Current Market Reports

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Mon Jan 24 2022
This week the median list price for Phoenix, AZ is $499,900 with the market action index hovering around 76. This is an increase over last month's market action index of 74. Inventory has decreased to 733. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ

Mon Jan 24 2022
This week the median list price for Phoenix, AZ is $499,900 with the market action index hovering around 76. This is an increase over last month's market action index of 74. Inventory has decreased to 733. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $499,900
Median Price of New Listings $460,000
Per Square Foot $281
Average Days on Market 54
Median Days on Market 28
Price Decreased 26%
Price Increased 5%
Relisted 4%
Inventory 733
Median Rent $2,300
Market Action 76
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$949,000 3,011 0.25 - 0.5 acre 4 3 20 37 44 49
$599,000 2,097 8,000 - 10,000 sqft 4 2 33 59 68 35
$440,000 1,665 6,500 - 8,000 sqft 3 2 44 64 83 28
$350,000 1,369 6,500 - 8,000 sqft 3 2 60 71 89 14