The First American Title Market Report

Phoenix, AZ 85085

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ 85085

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 85085

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

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 $457,208
Per Square Foot $174
Days on Market 73
Price Decreased 47%
Price Increased 3%
Relisted 4%
Inventory 118
Median House Rent $2,000
Most Expensive $1,189,000
Least Expensive $285,000
Market Action Index
Slight Seller's Advantage
40

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift 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
$690,000 3,734 0.5 - 1 acre 4 3 5 2 2 110
$494,990 2,951 8,000 - 10,000 sqft 4 3 4 5 5 68
$411,000 2,671 4,500 - 6,500 sqft 4 2 11 3 5 79
$357,950 2,059 0 - 4,500 sqft 3 2 14 9 3 35