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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

$713,898

AVERAGE PRICE OF 5,101 HOMES

$366,736

AVERAGE PRICE OF 25 DISTRESSED HOMES

$2,196,011

AVERAGE PRICE OF 715 MULTI-MILLION DOLLAR HOMES

$1,241,832

AVERAGE PRICE OF 341 NEWLY BUILT HOMES

$1,083,520

AVERAGE PRICE OF 1,282 HOMES WITH A POOL

$644,794

AVERAGE PRICE OF 347 REDUCED PRICE HOMES

Average Home

Average Price $713,898
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $424,742
2 bedrooms $368,558
3 bedrooms $553,884
4 bedrooms $835,683
5 bedrooms $1,476,925
Phoenix Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 4,901 5,294 5,284 4,981 4,682
Average Price $685,096 $689,818 $687,856 $691,090 $688,107
Avg Price Change -0.69% +0.29% -0.47% +0.43% -1.23%
Median Price $462,321 $464,127 $470,210 $474,991 $478,870
Med Price Change -0.39% -1.31% -1.02% -0.82% -0.58%
Avg Bedrooms 2.79 beds 2.8 beds 2.81 beds 2.82 beds 2.84 beds
Avg Bathrooms 2.18 baths 2.18 baths 2.18 baths 2.19 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 418 $977,445 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,101 $713,898 86 days
Distressed Homes 25 $366,736 64 days
Multi-Million Dollar Homes 715 $2,196,011 104 days
Newly Built Homes 341 $1,241,832 110 days
Homes with a Pool 1,282 $1,083,520 78 days
Reduced Price Homes 347 $644,794 80 days
Realty ONE Group Mountain Desert
602-750-9698


Jonathan Burgueno
1865 W. State Route 89A Suite D
Sedona, AZ 86336
928-282-3200

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