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Phoenix Market Report

$675,647

AVERAGE PRICE OF 3,141 HOMES

$490,381

AVERAGE PRICE OF 15 DISTRESSED HOMES

$1,898,189

AVERAGE PRICE OF 412 MULTI-MILLION DOLLAR HOMES

$1,036,880

AVERAGE PRICE OF 403 NEWLY BUILT HOMES

$1,072,073

AVERAGE PRICE OF 858 HOMES WITH A POOL

$670,644

AVERAGE PRICE OF 257 REDUCED PRICE HOMES

Average Home

Average Price $675,647
Avg Bedrooms 3.49 beds
Avg Bathrooms 2.67 baths

Average Price by Bedrooms

1 bedroom $266,564
2 bedrooms $381,186
3 bedrooms $565,942
4 bedrooms $708,315
5 bedrooms $1,753,628
Phoenix Home Price Trends
  8/2023 7/2023 6/2023 5/2023 4/2023
Total Listings 3,007 2,989 3,146 3,388 3,548
Average Price $662,328 $679,064 $690,636 $683,027 $665,305
Avg Price Change -2.53% -1.70% +1.11% +2.66% +3.14%
Median Price $486,506 $497,387 $492,797 $481,999 $470,389
Med Price Change -2.24% +0.93% +2.24% +2.47% +3.89%
Avg Bedrooms 2.8 beds 2.95 beds 3.18 beds 3.19 beds 3.18 beds
Avg Bathrooms 2.07 baths 2.11 baths 2.4 baths 2.43 baths 2.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 192 $602,495 48 days
Camelback High School 282 $938,071 66 days
Central High School 319 $709,075 108 days
North High School 157 $637,097 63 days
Pinnacle High School 176 $813,681 64 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,141 $675,647 49 days
Distressed Homes 15 $490,381 19 days
Multi-Million Dollar Homes 412 $1,898,189 54 days
Newly Built Homes 403 $1,036,880 138 days
Homes with a Pool 858 $1,072,073 46 days
Reduced Price Homes 257 $670,644 52 days
My Home Group
Liz Dobbins
8360 E Raintree Dr. Suite #120
Scottsdale, AZ 85260
623-826-1981

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© 2023 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. September 23, 2023
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.
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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