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Phoenix, AZ 85013

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85013

Thu May 01 2025
This week the median list price for Phoenix, AZ 85013 is $674,950 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 55. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Phoenix, AZ 85013

Thu May 01 2025
This week the median list price for Phoenix, AZ 85013 is $674,950 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has increased to 55. 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 started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $674,950
Median Price of New Listings $699,500
Per Square Foot $381
Average Days on Market 74
Median Days on Market 49
Price Decreased 45%
Price Increased 2%
Relisted 2%
Inventory 55
Median Rent
Market Action 39
Slight Seller's Advantage

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
$1,475,000 3,279 0.25 - 0.5 acre 4 3 66 2 2 49
$732,000 2,035 6,500 - 8,000 sqft 3 2.5 71 3 1 31
$594,950 1,627 6,500 - 8,000 sqft 3 2 73 1 1 59
$447,500 1,325 6,500 - 8,000 sqft 3 2 72 2 0 45