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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

$465,280

AVERAGE PRICE OF 4,629 HOMES

$608,756

AVERAGE PRICE OF 21 DISTRESSED HOMES

$1,842,455

AVERAGE PRICE OF 299 MULTI-MILLION DOLLAR HOMES

$607,832

AVERAGE PRICE OF 484 NEWLY BUILT HOMES

$770,436

AVERAGE PRICE OF 1,124 HOMES WITH A POOL

$536,851

AVERAGE PRICE OF 198 REDUCED PRICE HOMES

Average Home

Average Price $465,280
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.35 baths

Average Price by Bedrooms

1 bedroom $226,259
2 bedrooms $271,533
3 bedrooms $393,303
4 bedrooms $576,174
5 bedrooms $952,639
Phoenix Home Price Trends
  9/2020 8/2020 7/2020 6/2020 5/2020
Total Listings 4,380 4,260 4,406 4,776 4,799
Average Price $475,974 $467,212 $461,438 $454,719 $448,689
Avg Price Change +1.88% +1.25% +1.48% +1.34% -0.72%
Median Price $335,868 $333,119 $328,896 $324,590 $319,231
Med Price Change +0.83% +1.28% +1.33% +1.68% +0.04%
Avg Bedrooms 3.23 beds 3.24 beds 3.24 beds 3.23 beds 3.22 beds
Avg Bathrooms 2.4 baths 2.37 baths 2.37 baths 2.38 baths 2.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 224 $373,278 34 days
Camelback High School 468 $662,108 62 days
Central High School 369 $518,903 54 days
North High School 269 $434,693 59 days
Pinnacle High School 241 $512,114 54 days
Total Homes Average Price Avg Days on Site
All Homes 4,629 $465,280 48 days
Distressed Homes 21 $608,756 107 days
Multi-Million Dollar Homes 299 $1,842,455 100 days
Newly Built Homes 484 $607,832 97 days
Homes with a Pool 1,124 $770,436 47 days
Reduced Price Homes 198 $536,851 36 days