First Arizona Title's Market Report

Phoenix, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Phoenix, AZ

Sat Nov 27 2021
This week the median list price for Phoenix, AZ is $505,450 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has held steady at or around 1,146. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ

Sat Nov 27 2021
This week the median list price for Phoenix, AZ is $505,450 with the market action index hovering around 77. This is about the same as last month's market action index of 77. Inventory has held steady at or around 1,146. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $505,450
Median Price of New Listings $469,900
Per Square Foot $274
Average Days on Market 42
Median Days on Market 21
Price Decreased 34%
Price Increased 5%
Relisted 5%
Inventory 1,146
Median Rent $2,195
Market Action 77
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$950,000 3,132 0.25 - 0.5 acre 4 3 24 49 52 35
$595,000 2,130 6,500 - 8,000 sqft 4 2.5 30 87 82 21
$445,000 1,747 6,500 - 8,000 sqft 3 2 42 73 82 21
$350,000 1,357 6,500 - 8,000 sqft 3 2 60 109 114 14