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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

$608,596

AVERAGE PRICE OF 3,957 HOMES

$370,377

AVERAGE PRICE OF 18 DISTRESSED HOMES

$1,920,315

AVERAGE PRICE OF 398 MULTI-MILLION DOLLAR HOMES

$903,639

AVERAGE PRICE OF 352 NEWLY BUILT HOMES

$947,103

AVERAGE PRICE OF 1,070 HOMES WITH A POOL

$597,938

AVERAGE PRICE OF 305 REDUCED PRICE HOMES

Average Home

Average Price $608,596
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $279,976
2 bedrooms $360,027
3 bedrooms $517,176
4 bedrooms $763,876
5 bedrooms $1,208,138
Phoenix Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 3,783 4,162 4,766 4,996 5,167
Average Price $588,099 $570,069 $572,731 $581,787 $582,802
Avg Price Change +3.16% -0.47% -1.58% -0.17% -1.56%
Median Price $431,843 $426,903 $435,735 $446,806 $451,156
Med Price Change +1.16% -2.07% -2.54% -0.97% -1.55%
Avg Bedrooms 3.16 beds 3.17 beds 3.19 beds 3.2 beds 3.19 beds
Avg Bathrooms 2.28 baths 2.27 baths 2.27 baths 2.27 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 233 $564,947 79 days
Camelback High School 307 $846,557 74 days
Central High School 334 $705,076 87 days
North High School 176 $636,505 81 days
South Mountain High School 175 $481,998 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,957 $608,596 80 days
Distressed Homes 18 $370,377 37 days
Multi-Million Dollar Homes 398 $1,920,315 94 days
Newly Built Homes 352 $903,639 117 days
Homes with a Pool 1,070 $947,103 77 days
Reduced Price Homes 305 $597,938 76 days
Tierra Bella Realty
Christina Fox
8865 E Baseline Rd #132
Mesa, AZ 85209
480-825-6471

© 2023 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. February 6, 2023
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