Phoenix, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 35,355 transactions over the past year in Phoenix. The median value for residential home transactions that occurred over the previous year is $414,844.63. The number of current listings in Phoenix is 96, and the percentage of properties for sale in the city is 19.71%. Phoenix, AZ currently has 391 properties in foreclosure, 11 bank owned properties, 380 properties headed for auction, and 96 properties for sale.

Phoenix, AZ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
85018

$ 836,927

$ 429/sqft

85051

$ 371,850

$ 276/sqft

85014

$ 575,190

$ 394/sqft

85054

$ 825,620

$ 367/sqft

85016

$ 547,809

$ 400/sqft

85086

$ 593,968

$ 325/sqft

85020

$ 355,240

$ 331/sqft

85087

$ 850,049

$ 292/sqft

85032

$ 458,823

$ 291/sqft

85003

$ 1,320,811

$ 536/sqft

85022

$ 469,308

$ 258/sqft

85007

$ 319,543

$ 406/sqft

85028

$ 708,994

$ 327/sqft

85024

$ 931,076

$ 241/sqft

85021

$ 346,829

$ 325/sqft

85027

$ 282,507

$ 302/sqft

85037

$ 347,060

$ 287/sqft

85033

$ 277,327

$ 241/sqft

85042

$ 639,582

$ 261/sqft

85043

$ 461,093

$ 227/sqft

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Housing Market Summary for Phoenix, AZ

Aug 2022August 2023Change
Median Listing Price$486.5K$425.4K-12.55%
Median Sold Price$450.3K$425.4K-5.52%
Homes For Sale1,7351,238-28.65%
Homes Sold22,26915,142-32.00%
Price
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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 Phoenix, AZ

Phoenix home values range from $33,186 to $19,545,648. The median estimated value of a home in Phoenix is $414,844.63. The median list price of a home is 527,000, and the total count of properties in the city is 384,746.

Foreclosure
There are 44 zips within Phoenix, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $1,983,200 in 85031 to the lowest value of $111,830 in 85031. Foreclosure homes account for 0.00% of properties in Phoenix, AZ with 85041 containing 26 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Phoenix, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 44 zips within Phoenix, AZ; of those zips, 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 Phoenix, AZ ranges from the highest value of $966,908 in 85020 to the lowest value of $144,471 in 85031. Bank owned homes and properties account for 0.00% of properties in Phoenix, AZ. There are 44 zips within Phoenix, AZ; 85020 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85041 has 26 auction properties, the highest number of properties going to auction in a single zip in the state of Phoenix, AZ. Auction homes and other auction properties account for 0.10% of all properties in Phoenix, AZ. There are 44 zips within Phoenix, AZ; of those zips, the median estimated home value for homes going to auction ranges from $1,983,200 in 85018 to the lowest value of $111,830 in 85018.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.02% of residential properties in Phoenix, AZ with 85018 containing 15 homes for sale, the highest number of listed properties in a single zip. There are 44 zips within Phoenix, AZ; homes for sale in those zips, have a range of median values from $11,849,620 in 85016 to the lowest value of $140,800 in 85018.
    Sold Homes
    The median value for recently sold homes ranges from $19,545,648 in 85040 to the lowest price of $42,880 in 85040. There are 44 zips within Phoenix, AZ. 85032 has 830 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.79% of properties in Phoenix, AZ.

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