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Phoenix

Why you'd want to live in Phoenix

Nicknamed the "Valley of the Sun," the Greater Phoenix area sees more sunshine than any other metro area in the country. That in and of itself is enough to entice people to lay down roots, but Arizona's capital also features a desirable combination of a thriving job market, a relatively low cost of living and plenty of ways to enjoy the nice weather. Phoenix is the best place to get a sampling of all the state has to offer. Its downtown area may be characterized by sleek, ultramodern office buildings, but the city center is not all about work. Phoenix also contains ample opportunities to play. Sports stadiums, arts and shopping districts fringe downtown, as do some of the area's finest eateries. Within the Valley of the Sun, you can trace Arizona's history from its earliest Hohokam residents at the Pueblo Grande Museum and Archaeological Park to the latest technological developments showcased at the Arizona Science Center. Plus, Greater Phoenix's 2,000-plus square miles sprawl to the bottom of striking desert mountains crisscrossed by hiking and biking trails. via realestate.usnews.com

Phoenix Market Report

$608,596

AVERAGE PRICE OF 3,957 HOMES

$370,377

AVERAGE PRICE OF 18 DISTRESSED HOMES

$1,920,315

AVERAGE PRICE OF 398 MULTI-MILLION DOLLAR HOMES

$903,639

AVERAGE PRICE OF 352 NEWLY BUILT HOMES

$947,103

AVERAGE PRICE OF 1,070 HOMES WITH A POOL

$597,938

AVERAGE PRICE OF 305 REDUCED PRICE HOMES

Average Home

Average Price $608,596
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $279,976
2 bedrooms $360,027
3 bedrooms $517,176
4 bedrooms $763,876
5 bedrooms $1,208,138
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 233 $564,947 79 days
Camelback High School 307 $846,557 74 days
Central High School 334 $705,076 87 days
North High School 176 $636,505 81 days
South Mountain High School 175 $481,998 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,957 $608,596 80 days
Distressed Homes 18 $370,377 37 days
Multi-Million Dollar Homes 398 $1,920,315 94 days
Newly Built Homes 352 $903,639 117 days
Homes with a Pool 1,070 $947,103 77 days
Reduced Price Homes 305 $597,938 76 days
NextView Home Professionals | eXp Realty
2705 S Alma School Rd, Suite 2
Chandler, AZ 85286
480-281-3078




© 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 Tia Moore - NextView Home Professionals (Samantha Battles) 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 6, 2023
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