Arizona Home Values & Market Trends
There have been 129,959 properties sold in the Arizona real estate market trends. Median home values in the Arizona housing market are $426,442.26. The median residential home value for transactions over the last 12 months is 356,576.128. The State of Arizona currently has 2,361 properties in foreclosure, 80 bank owned properties, and 2,281 headed for auction.
Arizona Real Estate Market Overview
County | Median Est. Value | County | Median Est. Value |
---|---|---|---|
Pima | $ 365,000 $ 216/sqft | Pinal | $ 450,993 $ 227/sqft |
Mohave | $ 414,344 $ 250/sqft | Gila | $ 484,781 $ 290/sqft |
Yuma | $ 325,000 $ 207/sqft | La Paz | $ 493,779 $ 333/sqft |
Yavapai | $ 653,498 $ 323/sqft | Graham | $ 306,618 $ 166/sqft |
Maricopa | $ 582,504 $ 285/sqft | Santa Cruz | $ 355,000 $ 124/sqft |
Cochise | $ 310,809 $ 172/sqft | Apache | $ 380,000 $ 187/sqft |
Coconino | $ 686,627 $ 364/sqft | Greenlee | $ 257,795 $ 111/sqft |
Navajo | $ 519,300 $ 270/sqft |
Housing Market Summary for Arizona
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $450K | $429.8K | -4.47% |
Median Sold Price | $435.4K | $429.8K | -1.28% |
Homes For Sale | 11,722 | 5,553 | -52.63% |
Homes Sold | 91,343 | 82,515 | -9.66% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Arizona
Browse Homes in Arizona
There are currently 5,615 properties for sale in Arizona. The current home value ranges in price from 2,950 to 28,900,000. The total count of properties in the state is 2,365,876, and the percentage of properties for sale is 5615.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Arizona with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 15 counties within Arizona; of those counties, 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Arizona ranges from the highest value of $720,000 in Navajo to the lowest value of $42,477 in Mohave. Bank owned homes and properties account for 0.00% of properties in Arizona. There are 15 counties within Arizona; Maricopa containing 24 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsMaricopa has 1276 auction properties, the highest number of properties going to auction in a single county in the state of Arizona. Auction homes and other auction properties account for 0.10% of all properties in Arizona. There are 15 counties within Arizona; of those counties, the median estimated home value for homes going to auction ranges from $7,608,761 in Santa Cruz to the lowest value of $29,053 in Santa Cruz.
Compare Nearby Cities
More Real Estate Resources for Arizona
Guide for Arizona
Scottsdale, Arizona’s real estate market exhibits strong growth and investment potential, with average property values peaking at $1.1 million in December 2023
Market Report of Phoenix, AZ – December 2022-2023
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.
A few quick tips to prepare you for selling a luxury home at auction