If you need assistance, please call 480-485-3555

Phoenix Market Report

$458,741

AVERAGE PRICE OF 4,752 HOMES

$344,707

AVERAGE PRICE OF 46 DISTRESSED HOMES

$1,951,654

AVERAGE PRICE OF 295 MULTI-MILLION DOLLAR HOMES

$603,329

AVERAGE PRICE OF 580 NEWLY BUILT HOMES

$734,004

AVERAGE PRICE OF 1,302 HOMES WITH A POOL

$450,054

AVERAGE PRICE OF 209 REDUCED PRICE HOMES

Average Home

Average Price $458,741
Avg Bedrooms 3.25 beds
Avg Bathrooms 2.4 baths

Average Price by Bedrooms

1 bedroom $220,459
2 bedrooms $254,176
3 bedrooms $377,196
4 bedrooms $542,340
5 bedrooms $890,484
Phoenix Home Price Trends
  3/2020 2/2020 1/2020 12/2019 11/2019
Total Listings 4,629 4,433 3,038 3,280 3,690
Average Price $471,070 $467,395 $503,431 $484,375 $474,340
Avg Price Change +0.79% -7.71% +3.93% +2.12% +0.54%
Median Price $334,384 $330,581 $352,291 $338,331 $330,988
Med Price Change +1.15% -6.57% +4.13% +2.22% +0.39%
Avg Bedrooms 3.26 beds 3.25 beds 3.29 beds 3.29 beds 3.28 beds
Avg Bathrooms 2.42 baths 2.4 baths 2.46 baths 2.44 baths 2.47 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 273 $394,873 60 days
Camelback High School 433 $677,530 73 days
Central High School 380 $507,956 71 days
Pinnacle High School 213 $496,028 51 days
South Mountain High School 208 $290,089 50 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,752 $458,741 56 days
Distressed Homes 46 $344,707 67 days
Multi-Million Dollar Homes 295 $1,951,654 124 days
Newly Built Homes 580 $603,329 89 days
Homes with a Pool 1,302 $734,004 61 days
Reduced Price Homes 209 $450,054 48 days
The Envision Team @ My Home Group
1222 East Baseline #102
Tempe, AZ 85283
480-485-3555

Justin Oliver, Senior VP/Branch Manager, NMLS #164869 | Ryan Whalen, Senior VP/Branch Manager, NMLS #217739 |NOVA® Home Loans NMLS #3087 | BK 0902429 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131230. Also licensed by the CA-DBO under the CFL #6036566. Loans made or arranged pursuant to a California Financing Law License. | Equal Housing Opportunity

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than My Home Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. April 1, 2020