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Phoenix, AZ 85019

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85019

Mon Jun 24 2024
This week the median list price for Phoenix, AZ 85019 is $383,500 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85019

Mon Jun 24 2024
This week the median list price for Phoenix, AZ 85019 is $383,500 with the market action index hovering around 58. This is less than last month's market action index of 60. Inventory has held steady at or around 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $383,500
Median Price of New Listings $410,000
Per Square Foot $265
Average Days on Market 41
Median Days on Market 32
Price Decreased 38%
Price Increased 6%
Relisted 6%
Inventory 16
Median Rent
Market Action 58
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
$442,500 1,697 4,500 - 6,500 sqft 3 2.5 67 1 0 7
$402,000 1,571 6,500 - 8,000 sqft 3 2 63 2 0 52
$367,500 1,419 6,500 - 8,000 sqft 3 2 60 0 1 38
$330,000 1,311 4,500 - 6,500 sqft 3 2 65 2 0 38