Navi Title Agency

Phoenix, AZ 85033

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85033

Mon Jun 17 2024
This week the median list price for Phoenix, AZ 85033 is $371,495 with the market action index hovering around 69. This is an increase over last month's market action index of 64. Inventory has decreased to 30. 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 85033

Mon Jun 17 2024
This week the median list price for Phoenix, AZ 85033 is $371,495 with the market action index hovering around 69. This is an increase over last month's market action index of 64. Inventory has decreased to 30. 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 $371,495
Median Price of New Listings $360,000
Per Square Foot $250
Average Days on Market 54
Median Days on Market 28
Price Decreased 40%
Price Increased 3%
Relisted 3%
Inventory 30
Median Rent
Market Action 69
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$439,900 1,779 6,500 - 8,000 sqft 4 2 53 1 0 21
$385,000 1,740 6,500 - 8,000 sqft 4 2 47 0 4 77
$365,000 1,375 4,500 - 6,500 sqft 3 2 59 2 1 31
$341,400 1,237 4,500 - 6,500 sqft 3 2 61 2 5 31