The First American Title Market Report

Phoenix, AZ

Single-Family Homes

Arizona Direct Operations



Phoenix, AZ

Wed Oct 23 2019
This week the median list price for Phoenix, AZ is $394,900 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 2301. 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

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

Wed Oct 23 2019
This week the median list price for Phoenix, AZ is $394,900 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 2301. 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

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 $394,900
Per Square Foot $191
Days on Market 82
Price Decreased 46%
Price Increased 5%
Relisted 6%
Inventory 2,301
Median House Rent $1,595
Most Expensive $9,999,999
Least Expensive $80,000
Market Action Index
Strong Seller's Market
50

Prices appear to be hovering around their high point. 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
$850,000 3,369 0.25 - 0.5 acre 4 3 25 48 41 134
$475,000 2,340 8,000 - 10,000 sqft 4 2 23 79 60 82
$324,995 1,803 0 - 4,500 sqft 3 2 34 122 131 61
$224,650 1,425 0 - 4,500 sqft 3 2 49 140 143 51