Arizona's Most Current Market Reports

Phoenix, AZ

Single-Family Homes

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Phoenix, AZ

Wed Apr 24 2024
This week the median list price for Phoenix, AZ is $595,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1,727. 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

Wed Apr 24 2024
This week the median list price for Phoenix, AZ is $595,000 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has held steady at or around 1,727. 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 $595,000
Median Price of New Listings $529,000
Per Square Foot $312
Average Days on Market 68
Median Days on Market 35
Price Decreased 49%
Price Increased 4%
Relisted 6%
Inventory 1,727
Median Rent
Market Action 48
Strong Seller's Market

The market is 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
$1,395,000 3,315 0.25 - 0.5 acre 4 4 23 70 38 56
$712,894 2,235 6,500 - 8,000 sqft 4 3 31 68 76 42
$500,000 1,810 6,500 - 8,000 sqft 3 2 42 90 80 28
$385,000 1,397 6,500 - 8,000 sqft 3 2 53 95 114 28