Your Localized Market Report

Phoenix, AZ 85050

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Phoenix, AZ 85050

Fri Mar 29 2024
This week the median list price for Phoenix, AZ 85050 is $849,900 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 50. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Phoenix, AZ 85050

Fri Mar 29 2024
This week the median list price for Phoenix, AZ 85050 is $849,900 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has increased to 50. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $849,900
Median Price of New Listings $795,000
Per Square Foot $344
Average Days on Market 74
Median Days on Market 28
Price Decreased 46%
Price Increased 6%
Relisted 6%
Inventory 50
Median Rent
Market Action 52
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$1,372,450 3,906 8,000 - 10,000 sqft 4 4 12 2 0 28
$997,000 2,954 4,500 - 6,500 sqft 4 3 12 1 2 49
$775,000 2,039 4,500 - 6,500 sqft 3 2 17 1 2 21
$630,000 1,962 4,500 - 6,500 sqft 4 3 28 3 1 14