RealTrends Market Report

Arizona, AZ

Single-Family Homes

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Arizona, AZ

Tue May 28 2024
This week the median list price for Arizona, AZ is $530,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 19,109. Click here to stay informed with the Arizona market!

Market Action Index

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

Slight Seller's Advantage

Arizona, AZ

Tue May 28 2024
This week the median list price for Arizona, AZ is $530,000 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 19,109. Click here to stay informed with the Arizona market!

Market Action Index

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

Slight Seller's Advantage

Real-Time Market Profile

Never miss important changes in the Arizona market.
Median List Price $530,000
Median Price of New Listings $493,000
Per Square Foot $265
Average Days on Market 82
Median Days on Market 49
Price Decreased 44%
Price Increased 4%
Relisted 6%
Inventory 19,109
Median Rent
Market Action 41
Slight Seller's Advantage

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
$1,225,000 3,239 0.5 - 1 acre 4 3.5 20 353 398 56
$635,000 2,295 8,000 - 10,000 sqft 3 3 19 473 473 42
$454,900 1,902 6,500 - 8,000 sqft 3 2 19 550 645 42
$339,000 1,511 6,500 - 8,000 sqft 3 2 21 549 734 42