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Phoenix Market Report

$723,709

AVERAGE PRICE OF 4,749 HOMES

$517,118

AVERAGE PRICE OF 11 DISTRESSED HOMES

$2,127,176

AVERAGE PRICE OF 701 MULTI-MILLION DOLLAR HOMES

$1,092,217

AVERAGE PRICE OF 408 NEWLY BUILT HOMES

$1,059,116

AVERAGE PRICE OF 1,221 HOMES WITH A POOL

$683,755

AVERAGE PRICE OF 403 REDUCED PRICE HOMES

Average Home

Average Price $723,709
Avg Bedrooms 2.87 beds
Avg Bathrooms 2.24 baths

Average Price by Bedrooms

1 bedroom $258,543
2 bedrooms $388,849
3 bedrooms $555,319
4 bedrooms $838,608
5 bedrooms $1,292,117
Phoenix Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 4,756 4,594 4,455 4,264 4,107
Average Price $737,276 $750,550 $736,069 $730,180 $729,886
Avg Price Change -1.80% +1.97% +0.81% +0.04% +0.84%
Median Price $498,255 $499,800 $498,422 $498,105 $492,122
Med Price Change -0.31% +0.28% +0.06% +1.22% -0.74%
Avg Bedrooms 2.87 beds 2.87 beds 2.87 beds 2.85 beds 2.82 beds
Avg Bathrooms 2.26 baths 2.26 baths 2.27 baths 2.24 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 408 $964,912 65 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,749 $723,709 67 days
Distressed Homes 11 $517,118 49 days
Multi-Million Dollar Homes 701 $2,127,176 87 days
Newly Built Homes 408 $1,092,217 104 days
Homes with a Pool 1,221 $1,059,116 63 days
Reduced Price Homes 403 $683,755 55 days
eXp Realty | Sibbach Team
Jeff Sibbach
14301 North 87th Street, Suite #215
Scottsdale, AZ 85260
480-500-1738
Guild Mortgage Company
Baker Bookspan Team
Matt Baker
3225 N. Central Ave. Suite 120
Phoenix, AZ 85012
602-522-9494
NMLS#3274

© 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 Jeff Sibbach - eXp Realty | Sibbach Team 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. June 12, 2024
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