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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

$690,563

AVERAGE PRICE OF 4,631 HOMES

$334,821

AVERAGE PRICE OF 13 DISTRESSED HOMES

$2,051,745

AVERAGE PRICE OF 633 MULTI-MILLION DOLLAR HOMES

$1,018,950

AVERAGE PRICE OF 411 NEWLY BUILT HOMES

$986,323

AVERAGE PRICE OF 1,145 HOMES WITH A POOL

$573,645

AVERAGE PRICE OF 348 REDUCED PRICE HOMES

Average Home

Average Price $690,563
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $251,138
2 bedrooms $371,297
3 bedrooms $546,711
4 bedrooms $796,919
5 bedrooms $1,296,693
Phoenix Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 4,741 4,756 4,594 4,455 4,264
Average Price $720,159 $737,276 $750,550 $736,069 $730,180
Avg Price Change -2.38% -1.80% +1.97% +0.81% +0.04%
Median Price $491,297 $498,255 $499,800 $498,422 $498,105
Med Price Change -1.42% -0.31% +0.28% +0.06% +1.22%
Avg Bedrooms 2.87 beds 2.87 beds 2.87 beds 2.87 beds 2.85 beds
Avg Bathrooms 2.24 baths 2.26 baths 2.26 baths 2.27 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 376 $670,077 96 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,631 $690,563 71 days
Distressed Homes 13 $334,821 61 days
Multi-Million Dollar Homes 633 $2,051,745 95 days
Newly Built Homes 411 $1,018,950 104 days
Homes with a Pool 1,145 $986,323 67 days
Reduced Price Homes 348 $573,645 57 days
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4167 North Marshall Way
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. July 19, 2024
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