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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

$697,003

AVERAGE PRICE OF 4,881 HOMES

$377,023

AVERAGE PRICE OF 22 DISTRESSED HOMES

$2,139,909

AVERAGE PRICE OF 668 MULTI-MILLION DOLLAR HOMES

$1,122,834

AVERAGE PRICE OF 327 NEWLY BUILT HOMES

$1,037,001

AVERAGE PRICE OF 1,210 HOMES WITH A POOL

$583,035

AVERAGE PRICE OF 359 REDUCED PRICE HOMES

Average Home

Average Price $697,003
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $428,811
2 bedrooms $367,583
3 bedrooms $541,133
4 bedrooms $817,932
5 bedrooms $1,456,316
Phoenix Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 4,901 5,294 5,284 4,981 4,682
Average Price $685,096 $689,818 $687,856 $691,090 $688,107
Avg Price Change -0.69% +0.29% -0.47% +0.43% -1.23%
Median Price $462,321 $464,127 $470,210 $474,991 $478,870
Med Price Change -0.39% -1.31% -1.02% -0.82% -0.58%
Avg Bedrooms 2.79 beds 2.8 beds 2.81 beds 2.82 beds 2.84 beds
Avg Bathrooms 2.18 baths 2.18 baths 2.18 baths 2.19 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 389 $969,582 90 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,881 $697,003 89 days
Distressed Homes 22 $377,023 70 days
Multi-Million Dollar Homes 668 $2,139,909 109 days
Newly Built Homes 327 $1,122,834 113 days
Homes with a Pool 1,210 $1,037,001 82 days
Reduced Price Homes 359 $583,035 79 days
ProSmart Realty
Christina Fox
1355 S Higley Rd, Suite 111
Gilbert, AZ 85296
480-825-6471

© 2025 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. January 15, 2025
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