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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

$2,102,892

AVERAGE PRICE OF 734 MULTI-MILLION DOLLAR HOMES

$288,185

AVERAGE PRICE OF 9 DISTRESSED HOMES

$1,095,248

AVERAGE PRICE OF 418 NEWLY BUILT HOMES

$1,076,283

AVERAGE PRICE OF 1,251 HOMES WITH A POOL

$658,198

AVERAGE PRICE OF 353 REDUCED PRICE HOMES

Average Home

Average Price n/a
Avg Bedrooms 2.18 beds
Avg Bathrooms 1.63 baths

Average Price by Bedrooms

1 bedroom $260,362
2 bedrooms $392,910
3 bedrooms $509,606
4 bedrooms $856,230
5 bedrooms $1,322,658
Phoenix Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 4,597 4,458 4,267 4,110 3,946
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 $498,820 $492,673 $495,950
Med Price Change n/a n/a +1.25% -0.67% -0.72%
Avg Bedrooms 2.81 beds 2.94 beds 2.92 beds 2.91 beds 2.9 beds
Avg Bathrooms 2.32 baths 2.49 baths 2.49 baths 2.37 baths 2.39 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 410 $997,370 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,767 n/a 100 days
Multi-Million Dollar Homes 734 $2,102,892 149 days
Distressed Homes 9 $288,185 28 days
Newly Built Homes 418 $1,095,248 96 days
Homes with a Pool 1,251 $1,076,283 60 days
Reduced Price Homes 353 $658,198 54 days
My Home Group
Liz Dobbins
8360 E Raintree Dr. Suite #120
Scottsdale, AZ 85260
623-826-1981

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.
© 2024 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. May 26, 2024
Sedona Verde Valley Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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