Phoenix Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $213,800
    2% ( $4,300 ) vs May 2013
  • Median Sales Price
    $166,000
    2% ( $2,500 ) vs May 2013
  • Median Foreclosure Sales Price
    $124,000
    2% ( $3,000 ) vs May 2013
  • Foreclosures 7,374
    Homes for Sale 5,443
    Recently Sold 19,757

Market Summary

There are currently 7,374 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 5,443.

In June, the number of properties that received a foreclosure filing in Phoenix, AZ was 5% lower than the previous month and 43% lower than the same time last year.

Home sales for May 2014 were up 21% compared with the previous month, and down 9% compared with a year ago. The median sales price of a non-distressed home was $166,000. The median sales price of a foreclosure home was $124,000, or 25% lower than non-distressed home sales.

Sales Prices - Phoenix, AZ




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$124,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $114,950 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $166,000 (Median Sales Price) $163,500 (Median Sales Price) $159,250 (Median Sales Price) $158,000 (Median Sales Price) $157,750 (Median Sales Price) $157,000 (Median Sales Price) $124,000 (Median Foreclosure Sales Price) $121,000 (Median Foreclosure Sales Price) $117,000 (Median Foreclosure Sales Price) $114,950 (Median Foreclosure Sales Price) $112,500 (Median Foreclosure Sales Price) $117,500 (Median Foreclosure Sales Price) $166,000 (Median Sales Price) $163,500 (Median Sales Price) $159,250 (Median Sales Price) $158,000 (Median Sales Price) $157,750 (Median Sales Price) $157,000 (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
1,171
4.2
% (y-o-y)
$167,750
7.5
% (y-o-y)
13.0%
11.7
% (y-o-y)
Scottsdale
799
28.1
% (y-o-y)
$388,000
4.9
% (y-o-y)
24.6%
23.0
% (y-o-y)
Chandler
565
10.2
% (y-o-y)
$229,000
4.6
% (y-o-y)
16.8%
18.9
% (y-o-y)
Glendale
453
27.3
% (y-o-y)
$165,000
10.0
% (y-o-y)
18.8%
12.6
% (y-o-y)
Peoria
320
30.9
% (y-o-y)
$212,000
12.2
% (y-o-y)
28.3%
16.9
% (y-o-y)
Tempe
248
23.9
% (y-o-y)
$201,400
6.0
% (y-o-y)
25.6%
19.2
% (y-o-y)
Avondale
209
17.4
% (y-o-y)
$178,000
7.9
% (y-o-y)
17.1%
14.3
% (y-o-y)
Sun City
206
15.9
% (y-o-y)
$115,000
11.1
% (y-o-y)
20.4%
30.9
% (y-o-y)
Goodyear
197
9.4
% (y-o-y)
$192,000
11.3
% (y-o-y)
11.8%
4.5
% (y-o-y)
El Mirage
83
12.6
% (y-o-y)
$124,950
7.7
% (y-o-y)
6.1%
5.2
% (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: 5.40%
Percentage of vacant homes: 13.07%