Lawyers Title Market Report

Phoenix, AZ 85037

Single-Family Homes

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Phoenix, AZ 85037

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85037 is $377,399 with the market action index hovering around 99. This is less than last month's market action index of 100. Inventory has increased to 20. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Phoenix, AZ 85037

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85037 is $377,399 with the market action index hovering around 99. This is less than last month's market action index of 100. Inventory has increased to 20. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $377,399
Median Price of New Listings $359,999
Per Square Foot $202
Average Days on Market 7
Median Days on Market 0
Price Decreased 5%
Price Increased 5%
Relisted 5%
Inventory 20
Median Rent $1,900
Market Action 99
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$525,000 3,674 6,500 - 8,000 sqft 5 3 15 3 0 0
$399,900 1,912 6,500 - 8,000 sqft 4 2 20 3 3 0
$349,999 1,767 0 - 4,500 sqft 4 2 35 3 3 0
$305,000 1,337 0 - 4,500 sqft 3 2 33 5 5 0