Housing Market Report for Richard E Miller School, Phoenix, AZ
This housing market report uses absorption rates to track supply and demand for Richard E Miller School, Phoenix, AZ. With 4.2 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 18, 2026]
High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.
Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.
More supply than demand. Buyers can negotiate, request concessions, and take their time.
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Houses
Absorption rate of 0.5, with 2 months of inventory.
With 18 months of inventory, buyers have more time and negotiating power in this range.
2 active listings with 6 sold in the last 6 months.
Supply and demand are roughly in balance at 4.5 months of inventory.
| List Price |
Available
|
Sold Last 6 Months 
|
Under Contract 
|
Absorption Rate 
|
Months of Inventory 
|
Market |
|---|---|---|---|---|---|---|
| 300k-325k | 1 | 0.2 | 0 | Seller's | ||
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| 325k-350k | 1 | 1 | 1 | 0.2 | 6 | Balanced |
| 350k-375k | 1 | 0 | ||||
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| 375k-400k | 2 | 1 | 0.1 | 12 | Buyer's | |
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| 400k-425k | 2 | 2 | 0.2 | 6 | Balanced | |
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| 475k-500k | 2 | 2 | 0.2 | 6 | Balanced | |
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| 500k-550k | 3 | 1 | 0.5 | 0 | Seller's | |
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| 550k-600k | 2 | 6 | 0.5 | 2 | Seller's | |
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| 600k-650k | 2 | 5 | 0.4 | 2.4 | Seller's | |
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| 650k-700k | 3 | 1 | 0.5 | 0 | Seller's | |
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| 700k-750k | 1 | 0 | ||||
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| 750k-800k | 2 | 2 | 0.2 | 6 | Balanced | |
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| 800k-850k | 4 | 0.7 | 0 | Seller's | ||
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| 850k-900k | 4 | 4 | 1 | 0.2 | 6 | Balanced |
| 900k-950k | 1 | 3 | 1 | 0.5 | 2 | Seller's |
| 950k-1m | 1 | 1 | 0.2 | 6 | Balanced | |
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| 1m-1.1m | 1 | 1 | 0.2 | 6 | Balanced | |
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| 1.1m-1.2m | 1 | 2 | 0.3 | 3 | Balanced | |
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| 1.2m-1.3m | 1 | 3 | 0.5 | 2 | Seller's | |
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| 1.3m-1.4m | 3 | 1 | 0.1 | 18 | Buyer's | |
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| 1.5m-1.6m | 1 | 0 | ||||
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| 1.7m-1.8m | 1 | 1 | 0.2 | 6 | Balanced | |
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| 1.8m-1.9m | 1 | 1 | 0.2 | 6 | Balanced | |
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| 1.9m-2m | 1 | 0 | ||||
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| 2m-2.25m | 1 | 0 | ||||
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| 2.25m-2.5m | 1 | 0 | ||||
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| 2.5m-2.75m | 1 | 0.2 | 0 | Seller's | ||
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| 2.75m-3m | 1 | 0 | ||||
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| 3m-3.5m | 1 | 0 | ||||
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| 4.5m-5m | 1 | 0 | ||||
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Townhouses
Absorption rate of 0.2, with 6 months of inventory.
With 12 months of inventory, buyers have more time and negotiating power in this range.
2 active listings with 2 sold in the last 6 months.
Supply and demand are roughly in balance at 5.5 months of inventory.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 200k-225k | 1 | 1 | 0.2 | 0 | Seller's | |
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| 225k-250k | 1 | 0.2 | 0 | Seller's | ||
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| 250k-275k | 2 | 2 | 1 | 0.2 | 6 | Balanced |
| 275k-300k | 3 | 0 | ||||
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| 300k-325k | 2 | 1 | 0.1 | 12 | Buyer's | |
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| 325k-350k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 350k-375k | 2 | 1 | 0.1 | 12 | Buyer's | |
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| 375k-400k | 2 | 1 | 0.3 | 0 | Seller's | |
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| 450k-475k | 1 | 0.2 | 0 | Seller's | ||
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| 500k-550k | 1 | 0.2 | 0 | Seller's | ||
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Condos
Absorption rate of 0.3, with 3 months of inventory.
With 6 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 3 sold in the last 6 months.
The overall market favors sellers with just 1.3 months of inventory.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 175k-200k | 1 | 0.2 | 0 | Seller's | ||
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| 200k-225k | 1 | 1 | 1 | 0.2 | 6 | Balanced |
| 250k-275k | 3 | 0.5 | 0 | Seller's | ||
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| 275k-300k | 1 | 2 | 0.3 | 3 | Balanced | |
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| 300k-325k | 2 | 0.3 | 0 | Seller's | ||
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