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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 phoenix.gov

Phoenix Market Report

$608,693

AVERAGE PRICE OF 3,953 HOMES

$362,989

AVERAGE PRICE OF 19 DISTRESSED HOMES

$1,919,449

AVERAGE PRICE OF 397 MULTI-MILLION DOLLAR HOMES

$899,714

AVERAGE PRICE OF 350 NEWLY BUILT HOMES

$946,292

AVERAGE PRICE OF 1,073 HOMES WITH A POOL

$601,846

AVERAGE PRICE OF 294 REDUCED PRICE HOMES

Average Home

Average Price $608,693
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $280,809
2 bedrooms $360,693
3 bedrooms $517,354
4 bedrooms $764,133
5 bedrooms $1,203,464
Phoenix Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 3,783 4,162 4,766 4,996 5,167
Average Price $588,099 $570,069 $572,731 $581,787 $582,802
Avg Price Change +3.16% -0.47% -1.58% -0.17% -1.56%
Median Price $431,843 $426,903 $435,735 $446,806 $451,156
Med Price Change +1.16% -2.07% -2.54% -0.97% -1.55%
Avg Bedrooms 3.16 beds 3.17 beds 3.19 beds 3.2 beds 3.19 beds
Avg Bathrooms 2.28 baths 2.27 baths 2.27 baths 2.27 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 234 $564,883 78 days
Camelback High School 308 $846,576 74 days
Central High School 333 $705,703 87 days
North High School 175 $638,967 81 days
South Mountain High School 174 $482,757 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,953 $608,693 79 days
Distressed Homes 19 $362,989 38 days
Multi-Million Dollar Homes 397 $1,919,449 93 days
Newly Built Homes 350 $899,714 117 days
Homes with a Pool 1,073 $946,292 77 days
Reduced Price Homes 294 $601,846 75 days
HomeSmart - StarPointe Group
8388 E Hartford Dr, Ste 100
Scottsdale, AZ 85255
602-730-1111

© 2023 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 David Ellison & Greg Whipple - HomeSmart - StarPointe Group 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 5, 2023
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