Phoenix Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $230,000
    2% ( $5,000 ) vs May 2014
  • Median Sales Price
    $187,000
    4% ( $8,000 ) vs May 2014
  • Median Foreclosure Sales Price
    $131,401
    2% ( $3,047 ) vs May 2014
  • Foreclosures 4,724
    Homes for Sale 4,688
    Recently Sold 7,852

Market Summary

There are currently 4,724 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 4,688.

In June, the number of properties that received a foreclosure filing in Phoenix, AZ was 10% lower than the previous month and 8% lower than the same time last year.

Home sales for May 2015 were up 118% compared with the previous month, and down 32% compared with a year ago. The median sales price of a non-distressed home was $187,000. The median sales price of a foreclosure home was $131,401, or 30% lower than non-distressed home sales.

Sales Prices - Phoenix, AZ




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$131,401 (Median Foreclosure Sales Price) $128,355 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $187,000 (Median Sales Price) $179,000 (Median Sales Price) $175,000 (Median Sales Price) $174,000 (Median Sales Price) $169,000 (Median Sales Price) $170,000 (Median Sales Price) $131,401 (Median Foreclosure Sales Price) $128,355 (Median Foreclosure Sales Price) $125,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $122,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $187,000 (Median Sales Price) $179,000 (Median Sales Price) $175,000 (Median Sales Price) $174,000 (Median Sales Price) $169,000 (Median Sales Price) $170,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Mesa
739
37.2
% (y-o-y)
$180,000
7.1
% (y-o-y)
15.3%
13.7
% (y-o-y)
Scottsdale
611
23.7
% (y-o-y)
$360,500
7.0
% (y-o-y)
Data not available
Cave Creek
536
644.4
% (y-o-y)
$419,400
8.2
% (y-o-y)
Data not available
Chandler
406
28.3
% (y-o-y)
$240,000
4.4
% (y-o-y)
20.3%
16.0
% (y-o-y)
Glendale
357
21.7
% (y-o-y)
$182,750
10.8
% (y-o-y)
19.6%
18.8
% (y-o-y)
Peoria
257
19.9
% (y-o-y)
$227,000
6.2
% (y-o-y)
22.1%
29.8
% (y-o-y)
Tempe
213
14.8
% (y-o-y)
$220,000
9.2
% (y-o-y)
20.3%
25.6
% (y-o-y)
Sun City
153
26.1
% (y-o-y)
$120,000
4.3
% (y-o-y)
22.5%
19.6
% (y-o-y)
Avondale
149
29.4
% (y-o-y)
$185,000
3.9
% (y-o-y)
10.3%
17.1
% (y-o-y)
Goodyear
117
41.2
% (y-o-y)
$192,000
0.4
% (y-o-y)
6.0%
11.9
% (y-o-y)

Local Info For Phoenix

Population:
1,450,206
Cost of Living Index: 113.52
Crime Index: 167.22     Rating: C View crime details
Schools: 360    Average School Rating: C+ View individual school rating
Household Median Income: $48,823
Unemployment: 4.80%
Percentage of vacant homes: 13.07%