Navi Title Agency

Phoenix, AZ 85019

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85019

Tue May 28 2024
This week the median list price for Phoenix, AZ 85019 is $369,400 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has increased to 16. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85019

Tue May 28 2024
This week the median list price for Phoenix, AZ 85019 is $369,400 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has increased to 16. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $369,400
Median Price of New Listings $354,500
Per Square Foot $259
Average Days on Market 45
Median Days on Market 28
Price Decreased 69%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 57
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.

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
$407,000 1,672 6,500 - 8,000 sqft 4 2.5 59 0 0 21
$380,250 1,545 4,500 - 6,500 sqft 3 2 59 0 0 87
$361,250 1,430 6,500 - 8,000 sqft 3 2 63 1 0 31
$344,499 1,122 4,500 - 6,500 sqft 3 2 66 1 3 28