First American Title Market Report

Phoenix, AZ

Single-Family Homes



Phoenix, AZ

Fri Mar 24 2023
This week the median list price for Phoenix, AZ is $565,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has decreased to 1,356. 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 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

Fri Mar 24 2023
This week the median list price for Phoenix, AZ is $565,000 with the market action index hovering around 49. This is an increase over last month's market action index of 46. Inventory has decreased to 1,356. 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 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 $565,000
Median Price of New Listings $499,950
Per Square Foot $297
Average Days on Market 85
Median Days on Market 49
Price Decreased 50%
Price Increased 3%
Relisted 7%
Inventory 1,356
Median Rent
Market Action 49
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price 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
$1,275,000 3,288 0.25 - 0.5 acre 4 3.5 25 28 38 56
$675,000 2,184 8,000 - 10,000 sqft 4 2.5 37 65 52 49
$468,000 1,718 6,500 - 8,000 sqft 3 2 42 48 72 49
$360,000 1,395 6,500 - 8,000 sqft 3 2 53 65 86 49