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Phoenix

Why you'd want to live in Phoenix

Phoenix is the capital of the southwestern U.S. state of Arizona. Known for its year-round sun and warm temperatures, it anchors a sprawling, multicity metropolitan area known as the Valley of the Sun. It's known for high-end spa resorts, Jack Nicklaus–designed golf courses and vibrant nightclubs. Other highlights include the Desert Botanical Garden, displaying cacti and numerous native plants. via google

Phoenix Market Report

$718,805

AVERAGE PRICE OF 4,742 HOMES

$455,763

AVERAGE PRICE OF 11 DISTRESSED HOMES

$2,108,509

AVERAGE PRICE OF 694 MULTI-MILLION DOLLAR HOMES

$1,072,781

AVERAGE PRICE OF 412 NEWLY BUILT HOMES

$1,046,450

AVERAGE PRICE OF 1,216 HOMES WITH A POOL

$730,776

AVERAGE PRICE OF 400 REDUCED PRICE HOMES

Average Home

Average Price $718,805
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $259,887
2 bedrooms $388,195
3 bedrooms $554,999
4 bedrooms $830,247
5 bedrooms $1,276,864
Phoenix Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 4,756 4,594 4,455 4,264 4,107
Average Price $737,276 $750,550 $736,069 $730,180 $729,886
Avg Price Change -1.80% +1.97% +0.81% +0.04% +0.84%
Median Price $498,255 $499,800 $498,422 $498,105 $492,122
Med Price Change -0.31% +0.28% +0.06% +1.22% -0.74%
Avg Bedrooms 2.87 beds 2.87 beds 2.87 beds 2.85 beds 2.82 beds
Avg Bathrooms 2.26 baths 2.26 baths 2.27 baths 2.24 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 406 $933,804 66 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,742 $718,805 67 days
Distressed Homes 11 $455,763 50 days
Multi-Million Dollar Homes 694 $2,108,509 89 days
Newly Built Homes 412 $1,072,781 103 days
Homes with a Pool 1,216 $1,046,450 63 days
Reduced Price Homes 400 $730,776 58 days
ProSmart Realty
Christina Fox
1355 S Higley Rd, Suite 111
Gilbert, AZ 85296
480-825-6471

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Christina Fox - Tierra Bella Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 13, 2024
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