Navi TITLE

Phoenix, AZ 85020

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85020

Sat May 10 2025
This week the median list price for Phoenix, AZ 85020 is $699,995 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 108. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Phoenix, AZ 85020

Sat May 10 2025
This week the median list price for Phoenix, AZ 85020 is $699,995 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 108. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $699,995
Median Price of New Listings $550,000
Per Square Foot $375
Average Days on Market 72
Median Days on Market 35
Price Decreased 52%
Price Increased 2%
Relisted 8%
Inventory 108
Median Rent
Market Action 37
Slight Seller's Advantage

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,675,000 3,365 0.25 - 0.5 acre 4 4 51 2 1 63
$890,000 2,368 0.25 - 0.5 acre 4 3 54 3 1 49
$585,000 1,806 6,500 - 8,000 sqft 3 2 63 6 5 28
$400,000 1,301 4,500 - 6,500 sqft 3 2 67 6 1 28