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Phoenix

Why you'd want to live in Phoenix

Nicknamed the "Valley of the Sun," the Greater Phoenix area sees more sunshine than any other metro area in the country. That in and of itself is enough to entice people to lay down roots, but Arizona's capital also features a desirable combination of a thriving job market, a relatively low cost of living and plenty of ways to enjoy the nice weather. Phoenix is the best place to get a sampling of all the state has to offer. Its downtown area may be characterized by sleek, ultramodern office buildings, but the city center is not all about work. Phoenix also contains ample opportunities to play. Recently built sports stadiums, along with updated arts and shopping districts fringe downtown, as do some of the area's finest eateries.

Phoenix Market Report

$686,193

AVERAGE PRICE OF 5,300 HOMES

$376,790

AVERAGE PRICE OF 18 DISTRESSED HOMES

$2,053,778

AVERAGE PRICE OF 716 MULTI-MILLION DOLLAR HOMES

$1,111,509

AVERAGE PRICE OF 380 NEWLY BUILT HOMES

$993,740

AVERAGE PRICE OF 1,312 HOMES WITH A POOL

$620,900

AVERAGE PRICE OF 376 REDUCED PRICE HOMES

Average Home

Average Price $686,193
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.18 baths

Average Price by Bedrooms

1 bedroom $252,556
2 bedrooms $378,417
3 bedrooms $539,465
4 bedrooms $794,635
5 bedrooms $1,333,610
Phoenix Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 4,981 4,682 4,602 4,741 4,756
Average Price $691,090 $688,107 $696,576 $720,159 $737,276
Avg Price Change +0.43% -1.23% -3.39% -2.38% -1.80%
Median Price $474,991 $478,870 $481,634 $491,297 $498,255
Med Price Change -0.82% -0.58% -2.01% -1.42% -0.31%
Avg Bedrooms 2.82 beds 2.84 beds 2.85 beds 2.87 beds 2.87 beds
Avg Bathrooms 2.19 baths 2.2 baths 2.21 baths 2.24 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 405 $916,135 75 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,300 $686,193 76 days
Distressed Homes 18 $376,790 84 days
Multi-Million Dollar Homes 716 $2,053,778 94 days
Newly Built Homes 380 $1,111,509 124 days
Homes with a Pool 1,312 $993,740 68 days
Reduced Price Homes 376 $620,900 62 days
Compass
4222 N Marshall Way Suite A
Scottsdale, AZ 85251
480-339-9717

© 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 Bob Martz - RE/MAX Fine Properties 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. October 15, 2024
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