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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

$729,599

AVERAGE PRICE OF 4,369 HOMES

$370,550

AVERAGE PRICE OF 8 DISTRESSED HOMES

$2,123,162

AVERAGE PRICE OF 653 MULTI-MILLION DOLLAR HOMES

$1,046,724

AVERAGE PRICE OF 435 NEWLY BUILT HOMES

$1,111,769

AVERAGE PRICE OF 1,136 HOMES WITH A POOL

$684,874

AVERAGE PRICE OF 281 REDUCED PRICE HOMES

Average Home

Average Price $729,599
Avg Bedrooms 2.86 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $262,412
2 bedrooms $403,175
3 bedrooms $559,328
4 bedrooms $864,050
5 bedrooms $1,426,067
Phoenix Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 4,107 3,941 3,997 3,796 3,655
Average Price $729,886 $723,807 $727,883 $731,006 $725,167
Avg Price Change +0.84% -0.56% -0.43% +0.81% n/a
Median Price $492,122 $495,779 $499,306 $499,449 $499,060
Med Price Change -0.74% -0.71% -0.03% +0.08% n/a
Avg Bedrooms 2.82 beds 2.8 beds 2.79 beds 2.77 beds 2.76 beds
Avg Bathrooms 2.2 baths 2.18 baths 2.18 baths 2.17 baths 2.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 377 $777,796 81 days
Total Homes Average Price Avg Days on Site
All Homes 4,369 $729,599 64 days
Distressed Homes 8 $370,550 58 days
Multi-Million Dollar Homes 653 $2,123,162 74 days
Newly Built Homes 435 $1,046,724 87 days
Homes with a Pool 1,136 $1,111,769 59 days
Reduced Price Homes 281 $684,874 56 days