Arizona Home Values & Market Trends

There have been 135,241 properties sold in the Arizona real estate market trends. Median home values in the Arizona housing market are $424,736. The median residential home value for transactions over the last 12 months is 364,510. The State of Arizona currently has 2,499 properties in foreclosure, 144 bank owned properties, and 2,355 headed for auction.

Arizona Real Estate Market Overview

CountyMedian Est. ValueCountyMedian Est. Value
Pima

$ 363,950

$ 223/sqft

Coconino

$ 642,500

$ 375/sqft

Yuma

$ 335,104

$ 213/sqft

Pinal

$ 461,407

$ 231/sqft

Mohave

$ 525,000

$ 316/sqft

Graham

$ 349,182

$ 162/sqft

Maricopa

$ 539,500

$ 301/sqft

La Paz

$ 388,000

$ 372/sqft

Yavapai

$ 675,000

$ 343/sqft

Apache

$ 287,501

$ 171/sqft

Cochise

$ 325,000

$ 177/sqft

Santa Cruz

$ 250,200

$ 115/sqft

Navajo

$ 463,571

$ 253/sqft

Greenlee

$ --

$ --

Gila

$ 511,000

$ 303/sqft

Housing Market Summary for Arizona

Jan 2024December 2024Change
Median Listing Price$375K$373.2K-0.47%
Median Sold Price$435.8K$444.3K1.95%
Homes For Sale5,2785,91412.05%
Homes Sold84,45486,4472.36%
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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 5,309 properties for sale in Arizona. The current home value ranges in price from 2,000 to 18,900,000. The total count of properties in the state is 97,304, and the percentage of properties for sale is 5309.00%.

Foreclosure
There are 15 counties within Arizona; within these counties, the median estimated home value for homes in foreclosure ranges from $486,360 in Mohave to the lowest value of $51,699 in Mohave. Foreclosure homes account for 2.00% of properties in Arizona with Maricopa containing 1510 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 $2,191,447 in Coconino to the lowest value of $64,001 in Maricopa. Bank owned homes and properties account for 0.15% of properties in Arizona. There are 15 counties within Arizona; Maricopa containing 63 REO properties, has the highest number of bank owned properties in a single county.
  • Auctions
    Maricopa has 1447 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 2.42% 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 $12,719,083 in La Paz to the lowest value of $51,699 in La Paz.
Homes for Sale
Homes and properties that are actively listed for sale account for 5.46% of residential properties in Arizona with Pima containing 1897 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 $2,675,000 in La Paz to the lowest value of $30,000 in Cochise.
    Sold Homes
    The median value for recently sold homes ranges from $457,329 in Greenlee to the lowest price of $14,600 in Greenlee. There are 15 counties within Arizona. Maricopa has 51621 recently sold homes, the highest number of recently sold properties in a single county. Recently sold homes and properties account for 89.41% of properties in Arizona.

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      Guide for Arizona

      Arizona
      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
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      Tempe Real Estate Values Soar to $597k – May 2024
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      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
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      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
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      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
      Arizona|posted 25 June 2024
      Tempe Real Estate Values Soar to $597k – May 2024
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      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
      Market Reports|posted 17 May 2024
      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
      Market Reports|posted 17 May 2024