Navi Title Agency
Phoenix, AZ 85013
Single-Family Homes
Here is your weekly Market Update!
Phoenix, AZ 85013
Thu Sep 19 2024
This week the median list price for Phoenix, AZ 85013 is $684,950 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 38.
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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $684,950 | |
| Median Price of New Listings | $577,500 | |
| Per Square Foot | $378 | |
| Average Days on Market | 65 | |
| Median Days on Market | 46 | |
| Price Decreased | 61% | |
| Price Increased | 0% | |
| Relisted | 3% | |
| Inventory | 38 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,595,000 | 3,155 | 8,000 - 10,000 sqft | 4 | 4 | 0 | 0 | 0 | 28 |
| $925,000 | 2,227 | 8,000 - 10,000 sqft | 4 | 3 | 69 | 0 | 1 | 77 |
| $649,950 | 1,839 | 6,500 - 8,000 sqft | 3 | 2.5 | 68 | 1 | 1 | 52 |
| $450,000 | 1,250 | 6,500 - 8,000 sqft | 3 | 2 | 77 | 1 | 1 | 42 |