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Phoenix, AZ 85013

Single-Family Homes

Here is your weekly Market Update!



Phoenix, AZ 85013

Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85013 is $667,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has decreased to 22. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Phoenix, AZ 85013

Fri Dec 01 2023
This week the median list price for Phoenix, AZ 85013 is $667,000 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has decreased to 22. 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 been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $667,000
Median Price of New Listings $560,000
Per Square Foot $375
Average Days on Market 67
Median Days on Market 35
Price Decreased 59%
Price Increased 9%
Relisted 14%
Inventory 22
Median Rent
Market Action 50
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market’s highs. 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
$1,529,500 3,164 0.25 - 0.5 acre 5 4 1 0 1 14
$725,000 1,910 8,000 - 10,000 sqft 3 2 73 0 1 28
$624,999 1,895 8,000 - 10,000 sqft 4 2.5 71 1 1 105
$512,000 1,310 4,500 - 6,500 sqft 3 2 70 0 0 38