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
| Zip | Median Est. Value | Zip | Median 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 |
Housing Market Summary for Phoenix, AZ
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $486.5K | $425.4K | -12.55% |
| Median Sold Price | $450.3K | $425.4K | -5.52% |
| Homes For Sale | 1,735 | 1,238 | -28.65% |
| Homes Sold | 22,269 | 15,142 | -32.00% |
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 Phoenix, AZ
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- Auctions85041 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.
