RealTrends Market Report

Arizona, AZ

Single-Family Homes

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Arizona, AZ

Wed May 22 2024
This week the median list price for Arizona, AZ is $529,900 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 18,917. 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

Wed May 22 2024
This week the median list price for Arizona, AZ is $529,900 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 18,917. 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 $529,900
Median Price of New Listings $495,000
Per Square Foot $266
Average Days on Market 82
Median Days on Market 49
Price Decreased 43%
Price Increased 5%
Relisted 6%
Inventory 18,917
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
$1,232,950 3,241 0.5 - 1 acre 4 3.5 20 370 420 56
$633,995 2,288 8,000 - 10,000 sqft 3 3 19 478 506 42
$452,690 1,896 6,500 - 8,000 sqft 3 2 19 550 582 42
$339,345 1,505 6,500 - 8,000 sqft 3 2 21 527 680 42