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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's 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|
|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.
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|