Your Localized Market Report

Phoenix, AZ 85021

Single-Family Homes

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Phoenix, AZ 85021

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85021 is $687,450 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 24. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Phoenix, AZ 85021

Thu Jan 20 2022
This week the median list price for Phoenix, AZ 85021 is $687,450 with the market action index hovering around 68. This is an increase over last month's market action index of 67. Inventory has increased to 24. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $687,450
Median Price of New Listings $649,950
Per Square Foot $334
Average Days on Market 62
Median Days on Market 56
Price Decreased 33%
Price Increased 4%
Relisted 0%
Inventory 24
Median Rent $1,903
Market Action 68
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,251,750 3,233 0.25 - 0.5 acre 4 3.3 22 1 0 105
$824,500 2,203 0.25 - 0.5 acre 4 2.5 47 2 1 49
$562,950 1,829 8,000 - 10,000 sqft 3 2 65 1 0 66
$410,500 1,463 6,500 - 8,000 sqft 3 2 63 2 1 7