Lawyers Title Market Report

Phoenix, AZ 85050

Single-Family Homes

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Phoenix, AZ 85050

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85050 is $564,200 with the market action index hovering around 91. This is less than last month's market action index of 93. Inventory has decreased to 28. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85050

Mon Jun 21 2021
This week the median list price for Phoenix, AZ 85050 is $564,200 with the market action index hovering around 91. This is less than last month's market action index of 93. Inventory has decreased to 28. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $564,200
Median Price of New Listings $790,000
Per Square Foot $280
Average Days on Market 20
Median Days on Market 11
Price Decreased 32%
Price Increased 0%
Relisted 0%
Inventory 28
Median Rent $2,700
Market Action 91
Strong Seller's Market

We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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
$930,000 3,795 0.25 - 0.5 acre 5 4 15 3 2 14
$725,000 2,363 6,500 - 8,000 sqft 3 2 15 2 4 7
$510,000 1,648 4,500 - 6,500 sqft 3 2 25 1 2 14
$439,000 1,570 4,500 - 6,500 sqft 3 2 25 1 4 7