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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

$657,739

AVERAGE PRICE OF 3,645 HOMES

$382,815

AVERAGE PRICE OF 13 DISTRESSED HOMES

$1,965,681

AVERAGE PRICE OF 448 MULTI-MILLION DOLLAR HOMES

$1,028,254

AVERAGE PRICE OF 397 NEWLY BUILT HOMES

$1,039,361

AVERAGE PRICE OF 1,002 HOMES WITH A POOL

$812,547

AVERAGE PRICE OF 230 REDUCED PRICE HOMES

Average Home

Average Price $657,739
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $281,995
2 bedrooms $366,856
3 bedrooms $531,600
4 bedrooms $843,862
5 bedrooms $1,398,861
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 219 $575,699 77 days
Camelback High School 320 $888,771 66 days
Central High School 355 $768,525 86 days
North High School 177 $669,684 67 days
Pinnacle High School 166 $783,369 54 days
Total Homes Average Price Avg Days on Site
All Homes 3,645 $657,739 75 days
Distressed Homes 13 $382,815 61 days
Multi-Million Dollar Homes 448 $1,965,681 88 days
Newly Built Homes 397 $1,028,254 116 days
Homes with a Pool 1,002 $1,039,361 72 days
Reduced Price Homes 230 $812,547 69 days