Clear Title Agency of Arizona

Phoenix, AZ 85003

Single-Family Homes

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Phoenix, AZ 85003

Sun Jul 06 2025
This week the median list price for Phoenix, AZ 85003 is $835,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 23. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Phoenix, AZ 85003

Sun Jul 06 2025
This week the median list price for Phoenix, AZ 85003 is $835,000 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 23. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $835,000
Median Price of New Listings $0
Per Square Foot $471
Average Days on Market 91
Median Days on Market 56
Price Decreased 39%
Price Increased 0%
Relisted 0%
Inventory 23
Median Rent
Market Action 32
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,192,500 2,649 8,000 - 10,000 sqft 3 2.5 101 0 1 101
$872,500 1,891 6,500 - 8,000 sqft 3 2 82 0 1 42
$762,500 1,493 6,500 - 8,000 sqft 3 2 77 0 1 59
$384,900 1,003 0 - 4,500 sqft 1 1 20 0 0 56