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Phoenix

Why you'd want to live in Phoenix

Phoenix is the capital of the southwestern U.S. state of Arizona. Known for its year-round sun and warm temperatures, it anchors a sprawling, multicity metropolitan area known as the Valley of the Sun. It's known for high-end spa resorts, Jack Nicklaus–designed golf courses and vibrant nightclubs. Other highlights include the Desert Botanical Garden, displaying cacti and numerous native plants. via Google

Phoenix Market Report

$729,599

AVERAGE PRICE OF 4,369 HOMES

$370,550

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,123,162

AVERAGE PRICE OF 653 MULTI-MILLION DOLLAR HOMES

$1,046,724

AVERAGE PRICE OF 435 NEWLY BUILT HOMES

$1,111,769

AVERAGE PRICE OF 1,136 HOMES WITH A POOL

$684,874

AVERAGE PRICE OF 281 REDUCED PRICE HOMES

Average Home

Average Price $729,599
Avg Bedrooms 2.86 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $262,412
2 bedrooms $403,175
3 bedrooms $559,328
4 bedrooms $864,050
5 bedrooms $1,426,067
Phoenix Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 4,107 3,941 3,997 3,796 3,655
Average Price $729,886 $723,807 $727,883 $731,006 $725,167
Avg Price Change +0.84% -0.56% -0.43% +0.81% n/a
Median Price $492,122 $495,779 $499,306 $499,449 $499,060
Med Price Change -0.74% -0.71% -0.03% +0.08% n/a
Avg Bedrooms 2.82 beds 2.8 beds 2.79 beds 2.77 beds 2.76 beds
Avg Bathrooms 2.2 baths 2.18 baths 2.18 baths 2.17 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 377 $777,796 81 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,369 $729,599 64 days
Distressed Homes 8 $370,550 58 days
Multi-Million Dollar Homes 653 $2,123,162 74 days
Newly Built Homes 435 $1,046,724 87 days
Homes with a Pool 1,136 $1,111,769 59 days
Reduced Price Homes 281 $684,874 56 days
Platinum Living Realty
Bret Ceren
18281 North Pima Rd. Suite C100
Scottsdale, AZ 85255
480-248-1680

© 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 Bret Ceren - Jay Macklin - Select Expansion 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 23, 2024
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