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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 nearly any other metro area in the country. That in and of itself can be enough to entice people to lay down roots here, 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. Sports stadiums, arts and shopping districts fringe downtown, as do some of the area's finest eateries. Within the Valley of the Sun, you can trace Arizona's history from its earliest Hohokam residents at the Pueblo Grande Museum and Archaeological Park to the latest technological developments showcased at the Arizona Science Center. Plus, Greater Phoenix's 2,000-plus square miles sprawl to the bottom of striking desert mountains crisscrossed by hiking and biking trails. via realestate.usnews.com

Phoenix Market Report

$287,900

AVERAGE PRICE OF 5 DISTRESSED HOMES

$1,738,412

AVERAGE PRICE OF 434 MULTI-MILLION DOLLAR HOMES

$935,851

AVERAGE PRICE OF 371 NEWLY BUILT HOMES

$846,368

AVERAGE PRICE OF 1,316 HOMES WITH A POOL

$533,569

AVERAGE PRICE OF 689 REDUCED PRICE HOMES

Average Home

Average Price n/a
Avg Bedrooms 3.26 beds
Avg Bathrooms 2.3 baths

Average Price by Bedrooms

1 bedroom $283,606
2 bedrooms $375,039
3 bedrooms $624,933
4 bedrooms $631,529
5 bedrooms $1,054,402
Phoenix Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 5,169 5,085 4,880 n/a n/a
Average Price n/a n/a n/a n/a n/a
Avg Price Change n/a n/a n/a n/a n/a
Median Price n/a n/a n/a n/a n/a
Med Price Change n/a n/a n/a n/a n/a
Avg Bedrooms 3.16 beds 3.1 beds 3.1 beds n/a n/a
Avg Bathrooms 2.19 baths 2.13 baths 2.13 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 284 $544,221 58 days
Camelback High School 348 $770,697 71 days
Central High School 340 $646,116 62 days
North Canyon High School 220 $446,812 65 days
South Mountain High School 216 $506,327 61 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,000 n/a 47 days
Distressed Homes 5 $287,900 16 days
Multi-Million Dollar Homes 434 $1,738,412 84 days
Newly Built Homes 371 $935,851 119 days
Homes with a Pool 1,316 $846,368 38 days
Reduced Price Homes 689 $533,569 58 days
My Home Group
Liz Dobbins
8360 E Raintree Dr. Suite #120
Scottsdale, AZ 85260
623-826-1981

© 2022 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 Liz Dobbins - 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. October 5, 2022
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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