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Phoenix Market Report

$500,107

AVERAGE PRICE OF 3,495 HOMES

$344,302

AVERAGE PRICE OF 17 DISTRESSED HOMES

$1,967,053

AVERAGE PRICE OF 267 MULTI-MILLION DOLLAR HOMES

$733,372

AVERAGE PRICE OF 304 NEWLY BUILT HOMES

$855,032

AVERAGE PRICE OF 836 HOMES WITH A POOL

$582,203

AVERAGE PRICE OF 72 REDUCED PRICE HOMES

Average Home

Average Price $500,107
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.33 baths

Average Price by Bedrooms

1 bedroom $222,944
2 bedrooms $290,500
3 bedrooms $411,206
4 bedrooms $619,173
5 bedrooms $993,433
Phoenix Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 3,397 3,858 4,397 4,515 4,380
Average Price $485,788 $470,486 $469,947 $472,082 $475,974
Avg Price Change +3.25% +0.11% -0.45% -0.82% +1.88%
Median Price $335,790 $330,029 $333,403 $335,291 $335,868
Med Price Change +1.75% -1.02% -0.57% -0.17% +0.83%
Avg Bedrooms 3.17 beds 3.17 beds 3.19 beds 3.21 beds 3.23 beds
Avg Bathrooms 2.34 baths 2.33 baths 2.34 baths 2.39 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 157 $402,724 35 days
Camelback High School 394 $728,290 60 days
Central High School 302 $500,417 52 days
North High School 188 $442,956 58 days
Pinnacle High School 142 $510,468 57 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,495 $500,107 47 days
Distressed Homes 17 $344,302 108 days
Multi-Million Dollar Homes 267 $1,967,053 99 days
Newly Built Homes 304 $733,372 115 days
Homes with a Pool 836 $855,032 44 days
Reduced Price Homes 72 $582,203 43 days
HomeSmart
Cecilia Marie, Realtor
5225 N. Central Avenue, Suite 104
Phoenix, AZ 85012
602-291-0249
Michael Radcliffe - Radcliffe Mortgage Group
Senior Loan Officer
NMLS# 1212033
480-272-0845
Michael.Radcliffe@novahomeloans.com

© 2021 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 HomeSmart 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. February 26, 2021
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