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Phoenix Market Report

$733,440

AVERAGE PRICE OF 4,363 HOMES

$662,300

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,169,596

AVERAGE PRICE OF 644 MULTI-MILLION DOLLAR HOMES

$1,063,783

AVERAGE PRICE OF 417 NEWLY BUILT HOMES

$1,112,220

AVERAGE PRICE OF 1,159 HOMES WITH A POOL

$667,341

AVERAGE PRICE OF 317 REDUCED PRICE HOMES

Average Home

Average Price $733,440
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $256,872
2 bedrooms $402,128
3 bedrooms $562,165
4 bedrooms $860,884
5 bedrooms $1,454,727
Phoenix Home Price Trends
  2/2024 1/2024 12/2023 11/2023 10/2023
Total Listings 4,264 4,107 3,941 3,997 3,796
Average Price $730,180 $729,886 $723,807 $727,883 $731,006
Avg Price Change +0.04% +0.84% -0.56% -0.43% +0.81%
Median Price $498,105 $492,122 $495,779 $499,306 $499,449
Med Price Change +1.22% -0.74% -0.71% -0.03% +0.08%
Avg Bedrooms 2.85 beds 2.82 beds 2.8 beds 2.79 beds 2.77 beds
Avg Bathrooms 2.24 baths 2.2 baths 2.18 baths 2.18 baths 2.17 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 381 $959,043 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,363 $733,440 63 days
Distressed Homes 8 $662,300 58 days
Multi-Million Dollar Homes 644 $2,169,596 77 days
Newly Built Homes 417 $1,063,783 92 days
Homes with a Pool 1,159 $1,112,220 57 days
Reduced Price Homes 317 $667,341 56 days
HomeSmart
Cecilia Marie, Realtor
5225 N. Central Avenue, Suite 104
Phoenix, AZ 85012
602-291-0249
Michael Radcliffe - Radcliffe Mortgage Team
Senior Loan Officer
NMLS# 1212033
480-272-0845
Michael@radcliffemortgageteam.com

© 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 Cecilia Marie - 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. March 4, 2024
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