Amy Gerrish, Realtor & Data Scientist.

Phoenix, AZ 85020

Single-Family Homes

Realty Executives



Phoenix, AZ 85020

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85020 is $531,750 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 46. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Phoenix, AZ 85020

Mon Oct 19 2020
This week the median list price for Phoenix, AZ 85020 is $531,750 with the market action index hovering around 56. This is an increase over last month's market action index of 54. Inventory has held steady at or around 46. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $531,750
Per Square Foot $236
Days on Market 83
Price Decreased 52%
Price Increased 4%
Relisted 9%
Inventory 46
Median Rent $2,200
Most Expensive $3,295,000
Least Expensive $215,000
Market Action 56
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
$995,000 4,048 0.25 - 0.5 acre 4 3 36 0 3 168
$619,900 2,559 0.25 - 0.5 acre 4 2 56 2 2 33
$479,450 2,223 8,000 - 10,000 sqft 3 3 42 2 1 61
$325,000 1,642 0 - 4,500 sqft 3 2 64 4 10 71