Phoenix, AZ Home Values & Market Trends
Real estate market trends reflect that there have been 19,969 transactions over the past year in Phoenix. The median value for residential home transactions that occurred over the previous year is $408,652.43. The number of current listings in Phoenix is 81, and the percentage of properties for sale in the city is 81.00%. Phoenix, AZ currently has 410 properties in foreclosure, 5 bank owned properties, 405 properties headed for auction, and 81 properties for sale.
Phoenix, AZ Real Estate Market Overview
Zip | Median Est. Value | Zip | Median Est. Value |
---|---|---|---|
85018 | $ 910,010 $ 515/sqft | 85006 | $ 551,694 $ 466/sqft |
85045 | $ 585,000 $ 285/sqft | 85024 | $ 487,801 $ 321/sqft |
85022 | $ 447,144 $ 309/sqft | 85033 | $ 388,201 $ 204/sqft |
85053 | $ 417,816 $ 270/sqft | 85043 | $ 369,900 $ 265/sqft |
85042 | $ 678,635 $ 249/sqft | 85009 | $ 347,503 $ 308/sqft |
85029 | $ 396,751 $ 255/sqft | 85019 | $ 350,000 $ 241/sqft |
85013 | $ 643,493 $ 386/sqft | 85023 | $ 409,000 $ 334/sqft |
85016 | $ 681,269 $ 393/sqft | 85004 | $ 1,027,900 $ 518/sqft |
85086 | $ 694,499 $ 245/sqft | 85054 | $ 917,959 $ 400/sqft |
85014 | $ 659,000 $ 386/sqft | 85040 | $ 454,100 $ 189/sqft |
85032 | $ 499,900 $ 353/sqft | 85003 | $ -- $ -- |
85020 | $ 647,901 $ 373/sqft | 85034 | $ -- $ -- |
85083 | $ 640,345 $ 231/sqft | 85031 | $ -- $ -- |
85085 | $ 760,000 $ 302/sqft | 85007 | $ -- $ -- |
85028 | $ 665,000 $ 421/sqft | 85012 | $ -- $ -- |
85027 | $ 408,745 $ 274/sqft | 85037 | $ -- $ -- |
85050 | $ 911,637 $ 357/sqft | 85035 | $ -- $ -- |
85041 | $ 319,461 $ 231/sqft | 85044 | $ -- $ -- |
85051 | $ 378,032 $ 232/sqft | 85008 | $ -- $ -- |
85048 | $ 692,450 $ 236/sqft | 85015 | $ -- $ -- |
85021 | $ 1,200,000 $ 364/sqft | 85017 | $ -- $ -- |
Housing Market Summary for Phoenix, AZ
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $514.7K | $419.5K | -18.51% |
Median Sold Price | $421K | $419.5K | -0.38% |
Homes For Sale | 1,309 | 85 | -93.51% |
Homes Sold | 13,885 | 12,538 | -9.70% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Phoenix, AZ
Browse Homes in Phoenix, AZ
Phoenix home values range from $22,318 to $17,658,231. The median estimated value of a home in Phoenix is $408,652.43. The median list price of a home is 584,900, and the total count of properties in the city is 385,008.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Phoenix, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 42 zips within Phoenix, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Phoenix, AZ ranges from the highest value of $333,818 in 85042 to the lowest value of $261,716 in 85040. Bank owned homes and properties account for 0.00% of properties in Phoenix, AZ. There are 42 zips within Phoenix, AZ; 85040 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions85041 has 27 auction properties, the highest number of properties going to auction in a single zip in the state of Phoenix, AZ. Auction homes and other auction properties account for 0.11% of all properties in Phoenix, AZ. There are 42 zips within Phoenix, AZ; of those zips, the median estimated home value for homes going to auction ranges from $1,250,000 in 85045 to the lowest value of $126,625 in 85045.
Compare Nearby Cities
More Real Estate Resources for Phoenix, AZ
Guide for Phoenix, AZ
Market Report of Phoenix, AZ – December 2022-2023
Overview of the Chandler, Arizona real estate market – Mar 2024.
Scottsdale, Arizona’s real estate market exhibits strong growth and investment potential, with average property values peaking at $1.1 million in December 2023
How to find government tax foreclosure homes – Buying a tax foreclosure is a great way to get a bargain on a home or rental property.