Phoenix, AZ 85013 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market signal is the median sold price of $564,000, which serves as the most reliable indicator of recent transaction value and representative market pricing.
2. The gap between the median listing price $642,450 and the median sold price $564,000 suggests seller asking prices exceed realized sale prices, which may indicate pricing friction and potential negotiation room for buyers.
3. The median days on market 345 points to slower sales velocity and suggests transactions are taking considerably longer to close, which may reflect buyer selectivity or financing headwinds.
4. The price year-over-year trend up combined with a neutral market temperature indicates relative stability, but elevated interest rate pressure (Current 30-year fixed mortgage rates averaging 6.6%) and a down rent year-over-year trend advise caution for investors and owner-occupiers evaluating leverage or rental plays.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.