Navi Title Agency

Phoenix, AZ 85020

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85020

Fri Mar 29 2024
This week the median list price for Phoenix, AZ 85020 is $798,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 57. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Phoenix, AZ 85020

Fri Mar 29 2024
This week the median list price for Phoenix, AZ 85020 is $798,000 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has increased to 57. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $798,000
Median Price of New Listings $457,500
Per Square Foot $359
Average Days on Market 74
Median Days on Market 49
Price Decreased 53%
Price Increased 2%
Relisted 9%
Inventory 57
Median Rent
Market Action 43
Slight Seller's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$1,874,999 3,333 0.25 - 0.5 acre 4 4 8 1 0 52
$972,500 2,385 0.25 - 0.5 acre 4 3 59 0 2 70
$584,250 1,937 4,500 - 6,500 sqft 3 2 51 3 2 38
$450,000 1,289 6,500 - 8,000 sqft 3 2 74 6 0 42