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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

$689,029

AVERAGE PRICE OF 4,924 HOMES

$377,025

AVERAGE PRICE OF 18 DISTRESSED HOMES

$2,069,689

AVERAGE PRICE OF 661 MULTI-MILLION DOLLAR HOMES

$1,047,075

AVERAGE PRICE OF 391 NEWLY BUILT HOMES

$1,001,156

AVERAGE PRICE OF 1,216 HOMES WITH A POOL

$606,673

AVERAGE PRICE OF 412 REDUCED PRICE HOMES

Average Home

Average Price $689,029
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $245,783
2 bedrooms $371,644
3 bedrooms $534,054
4 bedrooms $800,515
5 bedrooms $1,279,199
Phoenix Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 4,682 4,602 4,741 4,756 4,594
Average Price $688,107 $696,576 $720,159 $737,276 $750,550
Avg Price Change -1.23% -3.39% -2.38% -1.80% +1.97%
Median Price $478,870 $481,634 $491,297 $498,255 $499,800
Med Price Change -0.58% -2.01% -1.42% -0.31% +0.28%
Avg Bedrooms 2.84 beds 2.85 beds 2.87 beds 2.87 beds 2.87 beds
Avg Bathrooms 2.2 baths 2.21 baths 2.24 baths 2.26 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 370 $671,976 107 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,924 $689,029 75 days
Distressed Homes 18 $377,025 77 days
Multi-Million Dollar Homes 661 $2,069,689 95 days
Newly Built Homes 391 $1,047,075 117 days
Homes with a Pool 1,216 $1,001,156 69 days
Reduced Price Homes 412 $606,673 64 days
Realty ONE Group Mountain Desert
602-750-9698


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

© 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 Reanna Buss - findprescottazhomes.com 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 11, 2024
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