Lawyers Title Market Report

Phoenix, AZ 85044

Single-Family Homes

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Phoenix, AZ 85044

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85044 is $606,000 with the market action index hovering around 96. This is an increase over last month's market action index of 95. Inventory has decreased to 17. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Phoenix, AZ 85044

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85044 is $606,000 with the market action index hovering around 96. This is an increase over last month's market action index of 95. Inventory has decreased to 17. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $606,000
Median Price of New Listings $539,450
Per Square Foot $258
Average Days on Market 16
Median Days on Market 0
Price Decreased 6%
Price Increased 0%
Relisted 0%
Inventory 17
Median Rent $2,250
Market Action 96
Strong Seller's Market

This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.

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
$1,724,949 7,307 0.5 - 1 acre 4 5 29 1 1 7
$732,000 2,798 8,000 - 10,000 sqft 4 2 31 3 1 0
$559,950 2,225 8,000 - 10,000 sqft 4 2 28 1 2 24
$415,000 1,828 4,500 - 6,500 sqft 3 2 40 5 4 0