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Phoenix Market Report

$458,589

AVERAGE PRICE OF 4,483 HOMES

$399,764

AVERAGE PRICE OF 38 DISTRESSED HOMES

$1,972,729

AVERAGE PRICE OF 256 MULTI-MILLION DOLLAR HOMES

$572,787

AVERAGE PRICE OF 564 NEWLY BUILT HOMES

$769,274

AVERAGE PRICE OF 1,118 HOMES WITH A POOL

$561,184

AVERAGE PRICE OF 125 REDUCED PRICE HOMES

Average Home

Average Price $458,589
Avg Bedrooms 3.23 beds
Avg Bathrooms 2.36 baths

Average Price by Bedrooms

1 bedroom $228,642
2 bedrooms $252,812
3 bedrooms $376,604
4 bedrooms $551,471
5 bedrooms $900,102
Phoenix Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 4,776 4,799 4,799 4,629 4,433
Average Price $454,719 $448,689 $451,924 $471,070 $467,395
Avg Price Change +1.34% -0.72% -4.24% +0.79% -7.71%
Median Price $324,590 $319,231 $319,103 $334,384 $330,581
Med Price Change +1.68% +0.04% -4.79% +1.15% -6.57%
Avg Bedrooms 3.23 beds 3.22 beds 3.23 beds 3.26 beds 3.25 beds
Avg Bathrooms 2.38 baths 2.37 baths 2.37 baths 2.42 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 247 $391,520 46 days
Camelback High School 450 $609,900 78 days
Central High School 332 $450,614 73 days
North High School 213 $405,495 71 days
Pinnacle High School 263 $512,589 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,483 $458,589 62 days
Distressed Homes 38 $399,764 64 days
Multi-Million Dollar Homes 256 $1,972,729 138 days
Newly Built Homes 564 $572,787 90 days
Homes with a Pool 1,118 $769,274 67 days
Reduced Price Homes 125 $561,184 61 days
eXp Realty | Sibbach Team
Jeff Sibbach
14301 North 87th Street, Suite #215
Scottsdale, AZ 85260
480-500-1738
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Homeowners Financial Group
Eric Murrietta
16427 North Scottsdale Road
Suite #145
Scottsdale, AZ 85254
NMLS# 187940
Direct: (480) 305-8848

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Fairway Independent Mortgage
Baker Bookspan Team
Matt Baker
3225 N. Central Ave. Suite 120
Phoenix, AZ 85012
602-522-9494
NMLS ID#190779

© 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 eXp Realty 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. July 7, 2020