If you need assistance, please call 480-339-9717

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

$711,023

AVERAGE PRICE OF 6,381 HOMES

$476,183

AVERAGE PRICE OF 39 DISTRESSED HOMES

$2,135,367

AVERAGE PRICE OF 915 MULTI-MILLION DOLLAR HOMES

$1,254,936

AVERAGE PRICE OF 388 NEWLY BUILT HOMES

$1,058,449

AVERAGE PRICE OF 1,733 HOMES WITH A POOL

$625,327

AVERAGE PRICE OF 489 REDUCED PRICE HOMES

Average Home

Average Price $711,023
Avg Bedrooms 2.9 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $391,605
2 bedrooms $349,385
3 bedrooms $557,373
4 bedrooms $871,462
5 bedrooms $1,333,955
Phoenix Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 6,499 6,338 6,083 5,644 4,948
Average Price $719,952 $714,656 $723,272 $720,990 $702,886
Avg Price Change +0.74% -1.21% +0.32% +2.58% +2.60%
Median Price $479,618 $477,084 $483,739 $481,809 $472,766
Med Price Change +0.53% -1.39% +0.40% +1.91% +2.26%
Avg Bedrooms 2.87 beds 2.85 beds 2.84 beds 2.83 beds 2.82 beds
Avg Bathrooms 2.25 baths 2.24 baths 2.23 baths 2.22 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 536 $901,346 81 days
Total Homes Average Price Avg Days on Site
All Homes 6,381 $711,023 85 days
Distressed Homes 39 $476,183 83 days
Multi-Million Dollar Homes 915 $2,135,367 102 days
Newly Built Homes 388 $1,254,936 110 days
Homes with a Pool 1,733 $1,058,449 76 days
Reduced Price Homes 489 $625,327 71 days
Compass
4222 N Marshall Way Suite A
Scottsdale, AZ 85251
480-339-9717

© 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 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. June 16, 2025
This site powered by CINC: www.cincpro.com