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

ZipMedian Est. ValueZipMedian 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

$ --

$ --

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Housing Market Summary for Phoenix, AZ

Mar 2023February 2024Change
Median Listing Price$514.7K$419.5K-18.51%
Median Sold Price$421K$419.5K-0.38%
Homes For Sale1,30985-93.51%
Homes Sold13,88512,538-9.70%
Price
$/Sqft
Homes For Sale
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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%.

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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.

Foreclosure
There are 42 zips within Phoenix, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $775,239 in 85014 to the lowest value of $126,625 in 85014. Foreclosure homes account for 0.00% of properties in Phoenix, AZ with 85041 containing 27 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    85041 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.02% of residential properties in Phoenix, AZ with 85018 containing 9 homes for sale, the highest number of listed properties in a single zip. There are 42 zips within Phoenix, AZ; homes for sale in those zips, have a range of median values from $1,027,900 in 85004 to the lowest value of $135,598 in 85014.
    Sold Homes
    The median value for recently sold homes ranges from $1,555,343 in 85045 to the lowest price of $33,537 in 85045. There are 42 zips within Phoenix, AZ. 85032 has 746 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.30% of properties in Phoenix, AZ.

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      Guide for Phoenix, AZ

      Market Reports
      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Market Reports
      Chandler Real Estate Market: Overview & Trends, Mar 2024
      Market Reports
      Scottsdale Real Estate Peaks at $1.1M in 2023
      Home Buying Guides & Tips
      Tax Lien Foreclosure: What They Are & How They Work
      See More Articles
      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Market Reports|posted 12 February 2024

      Market Report of Phoenix, AZ – December 2022-2023

      Chandler Real Estate Market: Overview & Trends, Mar 2024
      Market Reports|posted 5 March 2024

      Overview of the Chandler, Arizona real estate market – Mar 2024.

      Scottsdale Real Estate Peaks at $1.1M in 2023
      Market Reports|posted 12 February 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

      Tax Lien Foreclosure: What They Are & How They Work
      Home Buying Guides & Tips|posted 28 May 2013

      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.

      Recently Listed Homes Phoenix, AZ

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