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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
Average Home
Average Price |
$719,555 |
Avg Bedrooms |
2.85 beds |
Avg Bathrooms |
2.23 baths |
Average Price by Bedrooms
|
2/2025 |
1/2025 |
12/2024 |
11/2024 |
10/2024 |
Total Listings |
5,644 |
4,948 |
4,901 |
5,294 |
5,284 |
Average Price |
$720,990 |
$702,886 |
$685,096 |
$689,818 |
$687,856 |
Avg Price Change |
+2.58% |
+2.60% |
-0.69% |
+0.29% |
-0.47% |
Median Price |
$481,809 |
$472,766 |
$462,321 |
$464,127 |
$470,210 |
Med Price Change |
+1.91% |
+2.26% |
-0.39% |
-1.31% |
-1.02% |
Avg Bedrooms |
2.83 beds |
2.82 beds |
2.79 beds |
2.8 beds |
2.81 beds |
Avg Bathrooms |
2.22 baths |
2.2 baths |
2.18 baths |
2.18 baths |
2.18 baths |
|
Total Homes |
Average Price |
Avg Days on Site |
All Homes |
6,218 |
$719,555 |
79 days |
Distressed Homes |
36 |
$462,159 |
50 days |
Multi-Million Dollar Homes |
896 |
$2,174,661 |
93 days |
Newly Built Homes |
405 |
$1,126,318 |
102 days |
Homes with a Pool |
1,630 |
$1,088,419 |
68 days |
Reduced Price Homes |
557 |
$657,563 |
69 days |