First Arizona Title's Market Report

Phoenix, AZ

Single-Family Homes

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



Phoenix, AZ

Sun Apr 18 2021
This week the median list price for Phoenix, AZ is $500,000 with the market action index hovering around 97. This is an increase over last month's market action index of 91. Inventory has held steady at or around 607. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Phoenix, AZ

Sun Apr 18 2021
This week the median list price for Phoenix, AZ is $500,000 with the market action index hovering around 97. This is an increase over last month's market action index of 91. Inventory has held steady at or around 607. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $500,000
Per Square Foot $250
Days on Market 7
Price Decreased 18%
Price Increased 9%
Relisted 4%
Inventory 607
Median Rent $2,000
Most Expensive $8,900,000
Least Expensive $139,000
Market Action 97
Strong Seller's Market

The market is 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
$1,495,000 4,014 0.5 - 1 acre 4 4 22 32 31 28
$649,000 2,456 8,000 - 10,000 sqft 4 2 33 62 54 10
$409,000 1,815 6,500 - 8,000 sqft 3 2 44 67 83 7
$295,000 1,421 6,500 - 8,000 sqft 3 2 55 91 98 0