Phoenix Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $199,900
    2% ( $5,100 ) vs Aug 2013
  • Median Sales Price
    $170,000
    2% ( $4,000 ) vs Aug 2013
  • Median Foreclosure Sales Price
    $125,000
    2% ( $2,000 ) vs Aug 2013
  • Foreclosures 6,824
    Homes for Sale 5,323
    Recently Sold 19,930

Market Summary

There are currently 6,824 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 5,323.

In September, the number of properties that received a foreclosure filing in Phoenix, AZ was 6% higher than the previous month and 20% lower than the same time last year.

Home sales for August 2014 were up 52% compared with the previous month, and down 16% compared with a year ago. The median sales price of a non-distressed home was $170,000. The median sales price of a foreclosure home was $125,000, or 26% lower than non-distressed home sales.

Sales Prices - Phoenix, AZ




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$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) $117,000 (Median Foreclosure 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) $159,250 (Median 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) $117,000 (Median Foreclosure 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) $159,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Mesa
830
6.6
% (y-o-y)
$175,000
5.4
% (y-o-y)
20.1%
12.3
% (y-o-y)
Scottsdale
597
17.1
% (y-o-y)
$355,125
5.3
% (y-o-y)
18.6%
23.5
% (y-o-y)
Chandler
459
10.4
% (y-o-y)
$238,000
2.5
% (y-o-y)
24.7%
11.7
% (y-o-y)
Glendale
457
12.5
% (y-o-y)
$165,500
4.1
% (y-o-y)
13.6%
11.9
% (y-o-y)
Peoria
278
17.3
% (y-o-y)
$212,150
8.8
% (y-o-y)
23.6%
14.5
% (y-o-y)
Tempe
248
2.9
% (y-o-y)
$207,500
3.8
% (y-o-y)
10.3%
18.5
% (y-o-y)
Avondale
156
23.2
% (y-o-y)
$167,000
1.8
% (y-o-y)
2.4%
14.7
% (y-o-y)
Sun City
145
19.4
% (y-o-y)
$114,800
4.2
% (y-o-y)
24.7%
10.1
% (y-o-y)
Goodyear
131
24.8
% (y-o-y)
$190,000
3.8
% (y-o-y)
13.8%
21.5
% (y-o-y)
Laveen
78
15.2
% (y-o-y)
$168,121
5.1
% (y-o-y)
6.6%
0.0
% (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: 6.40%
Percentage of vacant homes: 13.07%