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 $418,437.25. The number of current listings in Phoenix is 1,173, and the percentage of properties for sale in the city is 69.99%. Phoenix, AZ currently has 503 properties in foreclosure, 13 bank owned properties, 490 properties headed for auction, and 1,173 properties for sale.

Housing Market Summary for Phoenix, AZ

Apr 2022April 2023Change
Median Listing Price$496.3K$420.7K-15.24%
Median Sold Price$421.8K$420.7K-0.26%
Homes For Sale8011,19949.69%
Homes Sold24,18213,134-45.69%
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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 $28,589 to $18,252,186. The median estimated value of a home in Phoenix is $418,437.25. The median list price of a home is 544,966.667, and the total count of properties in the city is 384,782.

Foreclosure
There are 43 zips within Phoenix, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $6,458,955 in 85031 to the lowest value of $136,497 in 85031. Foreclosure homes account for 0.00% of properties in Phoenix, AZ with 85041 containing 40 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 43 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 $1,009,163 in 85020 to the lowest value of $136,497 in 85031. Bank owned homes and properties account for 0.00% of properties in Phoenix, AZ. There are 43 zips within Phoenix, AZ; 85020 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85041 has 39 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 0.13% of all properties in Phoenix, AZ. There are 43 zips within Phoenix, AZ; of those zips, the median estimated home value for homes going to auction ranges from $6,458,955 in 85018 to the lowest value of $161,167 in $85018.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.30% of residential properties in Phoenix, AZ with 85018 containing 108 homes for sale, the highest number of listed properties in a single zip. There are 43 zips within Phoenix, AZ; homes for sale in those zips, have a range of median values from $8,657,280 in 85016 to the lowest value of $75,785 in 85006.
    Sold Homes
    The median value for recently sold homes ranges from $6,126,426 in 85018 to the lowest price of $30,397 in 85018. There are 43 zips within Phoenix, AZ. 85032 has 754 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.53% of properties in Phoenix, AZ.

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