Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85019 is $362,500 with the market action index hovering around 57. This is an increase over last month's market action index of 54. Inventory has held steady at or around 18.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$362,500|
|Median Price of New Listings||$352,500|
|Per Square Foot||$242|
|Average Days on Market||29|
|Median Days on Market||32|
|Strong Seller's Market|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$415,500||1,896||6,500 - 8,000 sqft||4||2||62||2||3||14|
|$371,950||1,595||6,500 - 8,000 sqft||3||2||64||0||0||35|
|$355,000||1,433||6,500 - 8,000 sqft||3||2||65||2||0||42|
|$345,000||1,400||4,500 - 6,500 sqft||3||2||66||2||1||7|