Phoenix Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $200,000
    0% ( $100 ) vs Sep 2013
  • Median Sales Price
    $175,000
    3% ( $5,000 ) vs Sep 2013
  • Median Foreclosure Sales Price
    $123,500
    1% ( $1,500 ) vs Sep 2013
  • Foreclosures 6,723
    Homes for Sale 5,351
    Recently Sold 19,794

Market Summary

There are currently 6,723 properties in Phoenix, AZ that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 5,351.

In October, the number of properties that received a foreclosure filing in Phoenix, AZ was 23% higher than the previous month and 15% lower than the same time last year.

Home sales for September 2014 were down 7% compared with the previous month, and down 16% compared with a year ago. The median sales price of a non-distressed home was $175,000. The median sales price of a foreclosure home was $123,500, or 29% lower than non-distressed home sales.

Sales Prices - Phoenix, AZ




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$123,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $123,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $175,000 (Median Sales Price) $170,000 (Median Sales Price) $166,000 (Median Sales Price) $165,000 (Median Sales Price) $166,000 (Median Sales Price) $163,500 (Median Sales Price) $123,500 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $123,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $124,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $175,000 (Median Sales Price) $170,000 (Median Sales Price) $166,000 (Median Sales Price) $165,000 (Median Sales Price) $166,000 (Median Sales Price) $163,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Mesa
764
2.1
% (y-o-y)
$175,000
5.4
% (y-o-y)
19.1%
15.7
% (y-o-y)
Scottsdale
625
5.4
% (y-o-y)
$340,000
7.9
% (y-o-y)
11.8%
17.3
% (y-o-y)
Chandler
445
5.7
% (y-o-y)
$230,000
2.1
% (y-o-y)
20.2%
14.9
% (y-o-y)
Glendale
439
4.8
% (y-o-y)
$165,000
3.1
% (y-o-y)
13.6%
10.8
% (y-o-y)
Peoria
266
23.1
% (y-o-y)
$209,844
0.1
% (y-o-y)
18.5%
19.1
% (y-o-y)
Tempe
196
47.9
% (y-o-y)
$207,500
3.8
% (y-o-y)
11.8%
23.0
% (y-o-y)
Sun City
190
5.0
% (y-o-y)
$114,900
2.6
% (y-o-y)
21.7%
25.5
% (y-o-y)
Avondale
181
5.2
% (y-o-y)
$176,500
3.9
% (y-o-y)
13.1%
14.7
% (y-o-y)
Tolleson
119
108.8
% (y-o-y)
$152,900
2.4
% (y-o-y)
8.5%
9.5
% (y-o-y)
Goodyear
88
29.0
% (y-o-y)
$199,000
4.2
% (y-o-y)
16.8%
17.7
% (y-o-y)

Local Info For Phoenix

Population:
1,450,206
Cost of Living Index: 113.52
Crime Index: 167.10     Rating: C View crime details
Schools: 360    Average School Rating: C+ View individual school rating
Household Median Income: $48,823
Unemployment: 6.00%
Percentage of vacant homes: 13.07%