ZIP Code – Cromford Report

Price Changes, Days at the Final Price and Sale Price by City and ZIP Code

About this chart

This chart shows how many times homes changed their list price before going under contract, and what that meant for how long they took to sell and the price they sold for. Each closed resale is grouped by the number of list price changes before the contract that closed, from none to five or more. Price increases and price cuts both count as a change.

The top chart compares two figures for each group. The wide bar is the median Cromford® Days on Market. The solid bar inside it is the median number of days the home spent at its final list price, the price that found the buyer. However long a home was on the market, the time it spent at the price that sold it is usually much shorter.

The top two charts compare any two years from 2020 on, picked with the selectors above them. The lower left chart shows the median sale price as a percentage of the final list price (solid line) and of the initial list price (dashed line). The lower right chart shows the share of closings in each group for the years ticked in the Year panel.

The map shades each ZIP code for one year at a time, chosen with the year selector above it. ZIP codes with fewer than 20 closings are shown in gray. Click a ZIP code to show it alone in the charts.

Days count while the home was Active or Coming Soon, up to the contract that closed. A contract that fell through does not reset the count. New construction is excluded. Years are by closing date, and the current year is year to date. The chart opens on 2021 and the current year in Maricopa and Pinal counties, with manufactured and modular homes left out.

Closings over List Price by ZIP Code

About this chart

This chart ranks ZIP codes by the percentage of their closings that closed over list price in the last 90 days, highest first. Each ZIP code is shown with the city most of its closings are in. A home closed over list price when its sale price was higher than its list price on its ARMLS listing; the amount over is the sale price minus the list price. A ZIP code with only a few closings can show 0% or 100%.

It covers the 90 days of closings up to the newest one; the heading shows the exact dates. Scroll inside the chart to see every ZIP code; a printed copy runs over as many pages as it needs. The chart is updated every day.

It opens on the Greater Phoenix area: the counties, cities, and ZIP codes that make it up are ticked to start with. Tick or untick any of them to change the area, including counties beyond Greater Phoenix. Narrow it further with the Dwelling Type, Transaction Type, and New / Resale boxes and the list price, home size, and year built sliders.

Hover over a bar to see the percentage, the number over list price, and all closings in that ZIP code.

Map – Percent of Closings with Seller Paid Concessions Noted by ZIP Code

About this chart

This map shades each ZIP code by the percentage of recent closings that had a seller-paid concession noted, darker for a higher share. A seller-paid concession is money the seller agrees to pay toward the buyer’s closing costs or other expenses, as noted on the ARMLS listing when it closes.

It opens on the last 90 days. Use the Period panel to switch between the last 30 and the last 90 days. The heading shows the exact dates covered. The chart is updated every day. ZIP codes with fewer than 5 closings in the period are shown in grey without a percentage.

Hover over a ZIP code to see its figures.

Percent of Closings with Seller Paid Concessions Noted by ZIP Code

About this chart

This chart ranks ZIP codes by the percentage of recent closings that had a seller-paid concession noted, highest first. A seller-paid concession is money the seller agrees to pay toward the buyer’s closing costs or other expenses, as noted on the ARMLS listing when it closes.

It opens on the last 30 days. Use the Period panel to switch between the last 30 and the last 90 days. The heading shows the exact dates covered. The chart is updated every day. A ZIP code with only a few closings can show 0% or 100%; the tooltip gives the count. Scroll inside the chart to see every ZIP code.

Hover over a bar to see the closings with a concession, the total, and the median concession.

Active Listings (excluding UCB & CCBS) by ZIP Code – Monthly

About this chart

This chart counts the active listings for single-family detached homes on ARMLS in one ZIP code, not counting UCB / CCBS listings (under contract but still marked active). Each point is the reading on the 1st of the month. Rising inventory gives buyers more choice; falling inventory favors sellers.

Each year has its own line, laid out by month, so you can compare this year with earlier years at the same point in the season. Pick any of 149 ZIP codes from the ZIP Code list (it opens on 85003); the last three years are ticked to start with, and you can tick any year back to 2006.