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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

$719,721

AVERAGE PRICE OF 6,266 HOMES

$451,715

AVERAGE PRICE OF 41 DISTRESSED HOMES

$2,162,653

AVERAGE PRICE OF 911 MULTI-MILLION DOLLAR HOMES

$1,119,551

AVERAGE PRICE OF 403 NEWLY BUILT HOMES

$1,088,649

AVERAGE PRICE OF 1,643 HOMES WITH A POOL

$692,547

AVERAGE PRICE OF 537 REDUCED PRICE HOMES

Average Home

Average Price $719,721
Avg Bedrooms 2.85 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $384,579
2 bedrooms $370,415
3 bedrooms $563,136
4 bedrooms $902,909
5 bedrooms $1,359,714
Phoenix Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 5,644 4,948 4,901 5,294 5,284
Average Price $720,990 $702,886 $685,096 $689,818 $687,856
Avg Price Change +2.58% +2.60% -0.69% +0.29% -0.47%
Median Price $481,809 $472,766 $462,321 $464,127 $470,210
Med Price Change +1.91% +2.26% -0.39% -1.31% -1.02%
Avg Bedrooms 2.83 beds 2.82 beds 2.79 beds 2.8 beds 2.81 beds
Avg Bathrooms 2.22 baths 2.2 baths 2.18 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 520 $972,315 79 days
Total Homes Average Price Avg Days on Site
All Homes 6,266 $719,721 78 days
Distressed Homes 41 $451,715 53 days
Multi-Million Dollar Homes 911 $2,162,653 92 days
Newly Built Homes 403 $1,119,551 100 days
Homes with a Pool 1,643 $1,088,649 68 days
Reduced Price Homes 537 $692,547 72 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. March 28, 2025
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