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Phoenix Market Report

$654,146

AVERAGE PRICE OF 3,636 HOMES

$369,532

AVERAGE PRICE OF 14 DISTRESSED HOMES

$1,971,603

AVERAGE PRICE OF 446 MULTI-MILLION DOLLAR HOMES

$1,012,551

AVERAGE PRICE OF 388 NEWLY BUILT HOMES

$1,040,980

AVERAGE PRICE OF 1,006 HOMES WITH A POOL

$754,125

AVERAGE PRICE OF 214 REDUCED PRICE HOMES

Average Home

Average Price $654,146
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $282,655
2 bedrooms $361,553
3 bedrooms $528,127
4 bedrooms $837,575
5 bedrooms $1,426,409
Phoenix Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 3,976 3,783 4,162 4,766 4,996
Average Price $613,869 $588,099 $570,069 $572,731 $581,787
Avg Price Change +4.38% +3.16% -0.47% -1.58% -0.17%
Median Price $439,836 $431,843 $426,903 $435,735 $446,806
Med Price Change +1.85% +1.16% -2.07% -2.54% -0.97%
Avg Bedrooms 3.16 beds 3.16 beds 3.17 beds 3.19 beds 3.2 beds
Avg Bathrooms 2.31 baths 2.28 baths 2.27 baths 2.27 baths 2.27 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 223 $568,955 77 days
Camelback High School 319 $880,301 68 days
Central High School 353 $782,571 87 days
North High School 171 $655,485 68 days
Pinnacle High School 160 $784,611 56 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,636 $654,146 76 days
Distressed Homes 14 $369,532 59 days
Multi-Million Dollar Homes 446 $1,971,603 91 days
Newly Built Homes 388 $1,012,551 120 days
Homes with a Pool 1,006 $1,040,980 73 days
Reduced Price Homes 214 $754,125 72 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 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 23, 2023
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