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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

$701,182

AVERAGE PRICE OF 5,177 HOMES

$333,432

AVERAGE PRICE OF 55 DISTRESSED HOMES

$2,203,052

AVERAGE PRICE OF 742 MULTI-MILLION DOLLAR HOMES

$1,283,884

AVERAGE PRICE OF 327 NEWLY BUILT HOMES

$1,169,249

AVERAGE PRICE OF 1,109 HOMES WITH A POOL

$637,950

AVERAGE PRICE OF 384 REDUCED PRICE HOMES

Average Home

Average Price $701,182
Avg Bedrooms 2.79 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $356,826
2 bedrooms $353,524
3 bedrooms $552,030
4 bedrooms $853,849
5 bedrooms $1,337,302
Phoenix Home Price Trends
  12/2025 11/2025 10/2025 9/2025 8/2025
Total Listings 5,256 5,794 5,853 5,739 5,782
Average Price $689,684 $688,431 $686,438 $674,068 $668,439
Avg Price Change +0.18% +0.29% +1.84% +0.84% -2.29%
Median Price $450,000 $452,393 $462,125 $459,360 $460,230
Med Price Change -0.53% -2.15% +0.60% -0.19% -1.50%
Avg Bedrooms 2.76 beds 2.8 beds 2.8 beds 2.8 beds 2.81 beds
Avg Bathrooms 2.18 baths 2.2 baths 2.2 baths 2.18 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 464 $902,240 94 days
Total Homes Average Price Avg Days on Site
All Homes 5,177 $701,182 101 days
Distressed Homes 55 $333,432 97 days
Multi-Million Dollar Homes 742 $2,203,052 123 days
Newly Built Homes 327 $1,283,884 119 days
Homes with a Pool 1,109 $1,169,249 84 days
Reduced Price Homes 384 $637,950 89 days
Compass
4222 N Marshall Way Suite A
Scottsdale, AZ 85251
480-339-9717

© 2026 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. January 18, 2026
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