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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

$583,285

AVERAGE PRICE OF 5,199 HOMES

$339,857

AVERAGE PRICE OF 7 DISTRESSED HOMES

$1,734,899

AVERAGE PRICE OF 439 MULTI-MILLION DOLLAR HOMES

$935,622

AVERAGE PRICE OF 381 NEWLY BUILT HOMES

$843,478

AVERAGE PRICE OF 1,380 HOMES WITH A POOL

$521,932

AVERAGE PRICE OF 769 REDUCED PRICE HOMES

Average Home

Average Price $583,285
Avg Bedrooms 3.2 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $284,775
2 bedrooms $378,273
3 bedrooms $508,461
4 bedrooms $715,807
5 bedrooms $1,052,635
Phoenix Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 5,084 4,879 n/a n/a n/a
Average Price $591,883 $603,023 n/a n/a n/a
Avg Price Change -1.88% n/a n/a n/a n/a
Median Price $458,146 $465,000 n/a n/a n/a
Med Price Change -1.50% n/a n/a n/a n/a
Avg Bedrooms 3.2 beds 3.21 beds n/a n/a n/a
Avg Bathrooms 2.26 baths 2.26 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 300 $554,093 53 days
Camelback High School 382 $749,444 66 days
Central High School 349 $630,531 59 days
Pinnacle High School 222 $730,874 63 days
South Mountain High School 233 $500,295 58 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,199 $583,285 59 days
Distressed Homes 7 $339,857 19 days
Multi-Million Dollar Homes 439 $1,734,899 83 days
Newly Built Homes 381 $935,622 122 days
Homes with a Pool 1,380 $843,478 58 days
Reduced Price Homes 769 $521,932 54 days
HomeSmart - StarPointe Group
8388 E Hartford Dr, Ste 100
Scottsdale, AZ 85255
602-730-1111

© 2022 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. September 25, 2022
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