Your Localized Market Report

Phoenix, AZ 85044

Single-Family Homes

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Phoenix, AZ 85044

Tue Nov 29 2022
This week the median list price for Phoenix, AZ 85044 is $495,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 91. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Phoenix, AZ 85044

Tue Nov 29 2022
This week the median list price for Phoenix, AZ 85044 is $495,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 91. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $495,000
Median Price of New Listings $432,500
Per Square Foot $284
Average Days on Market 77
Median Days on Market 63
Price Decreased 78%
Price Increased 0%
Relisted 8%
Inventory 91
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$859,450 3,035 0.25 - 0.5 acre 4 3 32 0 1 101
$549,900 1,952 4,500 - 6,500 sqft 4 2 30 2 5 70
$460,000 1,661 6,500 - 8,000 sqft 3 2 40 3 3 49
$399,900 1,376 4,500 - 6,500 sqft 3 2 40 5 5 49