The First American Title Market Report

Phoenix, AZ

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ

Wed Nov 25 2020
This week the median list price for Phoenix, AZ is $439,000 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has held steady at or around 1,181. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Phoenix, AZ

Wed Nov 25 2020
This week the median list price for Phoenix, AZ is $439,000 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has held steady at or around 1,181. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $439,000
Per Square Foot $227
Days on Market 57
Price Decreased 39%
Price Increased 6%
Relisted 6%
Inventory 1,181
Median Rent $1,890
Most Expensive $8,900,000
Least Expensive $80,000
Market Action 72
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
$1,125,000 3,591 0.25 - 0.5 acre 4 3 24 30 39 101
$525,000 2,162 8,000 - 10,000 sqft 4 2 38 64 72 48
$364,900 1,717 6,500 - 8,000 sqft 3 2 47 99 93 39
$258,944 1,368 6,500 - 8,000 sqft 3 2 57 111 110 37