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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. Recently built sports stadiums, along with updated arts and shopping districts fringe downtown, as do some of the area's finest eateries.

Phoenix Market Report

$691,923

AVERAGE PRICE OF 4,628 HOMES

$334,821

AVERAGE PRICE OF 13 DISTRESSED HOMES

$2,062,962

AVERAGE PRICE OF 627 MULTI-MILLION DOLLAR HOMES

$1,014,398

AVERAGE PRICE OF 402 NEWLY BUILT HOMES

$988,031

AVERAGE PRICE OF 1,143 HOMES WITH A POOL

$590,584

AVERAGE PRICE OF 338 REDUCED PRICE HOMES

Average Home

Average Price $691,923
Avg Bedrooms 2.84 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $249,907
2 bedrooms $374,340
3 bedrooms $546,097
4 bedrooms $792,714
5 bedrooms $1,294,471
Phoenix Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 4,741 4,756 4,594 4,455 4,264
Average Price $720,159 $737,276 $750,550 $736,069 $730,180
Avg Price Change -2.38% -1.80% +1.97% +0.81% +0.04%
Median Price $491,297 $498,255 $499,800 $498,422 $498,105
Med Price Change -1.42% -0.31% +0.28% +0.06% +1.22%
Avg Bedrooms 2.87 beds 2.87 beds 2.87 beds 2.87 beds 2.85 beds
Avg Bathrooms 2.24 baths 2.26 baths 2.26 baths 2.27 baths 2.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 378 $674,595 97 days
Total Homes Average Price Avg Days on Site
All Homes 4,628 $691,923 72 days
Distressed Homes 13 $334,821 64 days
Multi-Million Dollar Homes 627 $2,062,962 97 days
Newly Built Homes 402 $1,014,398 107 days
Homes with a Pool 1,143 $988,031 67 days
Reduced Price Homes 338 $590,584 54 days