Clear Title Agency of Arizona

Phoenix, AZ 85003

Single-Family Homes

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Phoenix, AZ 85003

Mon Jun 05 2023
This week the median list price for Phoenix, AZ 85003 is $825,000 with the market action index hovering around 58. This is an increase over last month's market action index of 50. Inventory has increased to 8. 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 85003

Mon Jun 05 2023
This week the median list price for Phoenix, AZ 85003 is $825,000 with the market action index hovering around 58. This is an increase over last month's market action index of 50. Inventory has increased to 8. 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 $825,000
Median Price of New Listings $612,500
Per Square Foot $451
Average Days on Market 83
Median Days on Market 53
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 58
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$962,500 2,353 0.25 - 0.5 acre 4 2.8 103 0 0 217
$827,000 1,778 6,500 - 8,000 sqft 2 1.8 80 2 0 0
$762,000 1,347 6,500 - 8,000 sqft 2 2 82 0 0 63
$299,275 1,212 4,500 - 6,500 sqft 2 2 78 2 2 52