Navi Title Agency

Phoenix, AZ 85035

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85035

Wed Feb 21 2024
This week the median list price for Phoenix, AZ 85035 is $369,950 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 30. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85035

Wed Feb 21 2024
This week the median list price for Phoenix, AZ 85035 is $369,950 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has increased to 30. 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 has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $369,950
Median Price of New Listings $369,999
Per Square Foot $238
Average Days on Market 56
Median Days on Market 28
Price Decreased 50%
Price Increased 7%
Relisted 0%
Inventory 30
Median Rent
Market Action 44
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$399,900 1,470 6,500 - 8,000 sqft 4 2 48 0 0 49
$385,000 1,554 6,500 - 8,000 sqft 3 2 48 1 1 14
$364,375 1,688 4,500 - 6,500 sqft 3 3 50 0 1 21
$340,000 1,481 0 - 4,500 sqft 3 3 10 1 2 28