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Phoenix, AZ 85016
Single-Family Homes
Here is your weekly Market Update!
Phoenix, AZ 85016
Tue Jan 06 2026
This week the median list price for Phoenix, AZ 85016 is $754,900 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 87.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Real-Time Market Profile
| Median List Price | $754,900 | |
| Median Price of New Listings | $1,037,495 | |
| Per Square Foot | $417 | |
| Average Days on Market | 116 | |
| Median Days on Market | 77 | |
| Price Decreased | 57% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 87 | |
| Median Rent | ||
| Market Action | 35 | |
| Slight Seller's Advantage | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $1,885,000 | 3,260 | 6,500 - 8,000 sqft | 4 | 3.8 | 41 | 1 | 1 | 63 |
| $887,495 | 2,035 | 8,000 - 10,000 sqft | 3 | 2.5 | 69 | 2 | 3 | 77 |
| $657,499 | 1,840 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 0 | 3 | 91 |
| $430,000 | 1,164 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 1 | 1 | 98 |