Arizona Home Values & Market Trends

There have been 135,511 properties sold in the Arizona real estate market trends. Median home values in the Arizona housing market are $426,484.76. The median residential home value for transactions over the last 12 months is 354,958.251. The State of Arizona currently has 2,415 properties in foreclosure, 83 bank owned properties, and 2,332 headed for auction.

Arizona Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Pima

$ 365,036

$ 216/sqft

Pinal

$ 449,950

$ 231/sqft

Mohave

$ 412,918

$ 250/sqft

Gila

$ 460,600

$ 287/sqft

Yuma

$ 327,500

$ 210/sqft

La Paz

$ 535,000

$ 334/sqft

Yavapai

$ 649,990

$ 321/sqft

Graham

$ 298,159

$ 165/sqft

Maricopa

$ 580,525

$ 282/sqft

Apache

$ 380,000

$ 174/sqft

Cochise

$ 314,698

$ 171/sqft

Santa Cruz

$ 355,000

$ 124/sqft

Coconino

$ 675,000

$ 368/sqft

Greenlee

$ 257,795

$ 111/sqft

Navajo

$ 493,975

$ 266/sqft

Housing Market Summary for Arizona

Feb 2023January 2024Change
Median Listing Price$448.7K$435.8K-2.88%
Median Sold Price$435.9K$435.8K-0.03%
Homes For Sale11,8505,278-55.46%
Homes Sold90,95684,454-7.15%
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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%.

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Browse Homes in Arizona

There are currently 5,592 properties for sale in Arizona. The current home value ranges in price from 2,850 to 28,900,000. The total count of properties in the state is 2,365,767, and the percentage of properties for sale is 5592.00%.

Foreclosure
There are 15 counties within Arizona; within these counties, the median estimated home value for homes in foreclosure ranges from $743,771 in Maricopa to the lowest value of $29,053 in Maricopa. Foreclosure homes account for 0.00% of properties in Arizona with Maricopa containing 1321 foreclosures, the highest number of foreclosure properties in a single county.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Arizona ranges from the highest value of $710,534 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 23 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Maricopa has 1298 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.24% of residential properties in Arizona with Pima containing 1593 homes for sale, the highest number of listed properties in a single county. There are 15 counties within Arizona; homes for sale in those counties, have a range of median values from $257,795 in Greenlee to the lowest value of $20,042 in Yuma.
    Sold Homes
    The median value for recently sold homes ranges from $837,131 in Apache to the lowest price of $18,604 in Apache. There are 15 counties within Arizona. Maricopa has 49267 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 3.46% of properties in Arizona.

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      Guide for Arizona

      Market Reports
      Scottsdale Real Estate Peaks at $1.1M in 2023
      Market Reports
      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Home Buying Guides & Tips
      Tax Lien Foreclosure: What They Are & How They Work
      A nice veranda
      Auction
      5 Tips For Increasing Your Chances At Winning A Real Estate Auction
      See More Articles
      Scottsdale Real Estate Peaks at $1.1M in 2023
      Market Reports|posted 12 February 2024

      Scottsdale, Arizona’s real estate market exhibits strong growth and investment potential, with average property values peaking at $1.1 million in December 2023

      Real Estate Trends in Phoenix and Surrounding Cities in 2023
      Market Reports|posted 12 February 2024

      Market Report of Phoenix, AZ – December 2022-2023

      Tax Lien Foreclosure: What They Are & How They Work
      Home Buying Guides & Tips|posted 28 May 2013

      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 nice veranda
      5 Tips For Increasing Your Chances At Winning A Real Estate Auction
      Auction|posted 27 February 2024

      Buying your dream real estate at auction is tricky. Here are some quick tips to give you an edge.