Phoenix, AZ Home Values & Market Trends
Real estate market trends reflect that there have been 20,426 transactions over the past year in Phoenix. The median value for residential home transactions that occurred over the previous year is $421,308. The number of current listings in Phoenix is 22,852, and the percentage of properties for sale in the city is 22852.00%. Phoenix, AZ currently has 978 properties in foreclosure, 291 bank owned properties, 687 properties headed for auction, and 22,852 properties for sale.
Phoenix, AZ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 85086 | $ 608,160 $ 273/sqft | 85008 | $ 405,741 $ 306/sqft |
| 85032 | $ 489,999 $ 315/sqft | 85021 | $ 434,621 $ 290/sqft |
| 85041 | $ 373,228 $ 221/sqft | 85015 | $ 376,541 $ 254/sqft |
| 85037 | $ 359,599 $ 227/sqft | 85028 | $ 717,593 $ 367/sqft |
| 85018 | $ 1,414,531 $ 576/sqft | 85083 | $ 628,831 $ 257/sqft |
| 85033 | $ 325,000 $ 223/sqft | 85024 | $ 512,506 $ 293/sqft |
| 85042 | $ 407,778 $ 243/sqft | 85040 | $ 328,953 $ 239/sqft |
| 85029 | $ 372,567 $ 240/sqft | 85009 | $ 292,592 $ 234/sqft |
| 85022 | $ 475,000 $ 293/sqft | 85017 | $ 304,736 $ 206/sqft |
| 85051 | $ 339,711 $ 216/sqft | 85014 | $ 536,101 $ 347/sqft |
| 85016 | $ 586,345 $ 375/sqft | 85031 | $ 310,988 $ 198/sqft |
| 85044 | $ 499,847 $ 295/sqft | 85019 | $ 329,114 $ 214/sqft |
| 85043 | $ 365,000 $ 218/sqft | 85013 | $ 526,981 $ 341/sqft |
| 85050 | $ 645,000 $ 335/sqft | 85006 | $ 459,106 $ 371/sqft |
| 85085 | $ 643,580 $ 264/sqft | 85007 | $ 491,639 $ 367/sqft |
| 85020 | $ 485,000 $ 315/sqft | 85054 | $ 841,835 $ 385/sqft |
| 85027 | $ 387,000 $ 272/sqft | 85045 | $ 653,087 $ 280/sqft |
| 85048 | $ 580,000 $ 290/sqft | 85003 | $ 774,612 $ 470/sqft |
| 85035 | $ 328,015 $ 227/sqft | 85012 | $ 658,000 $ 396/sqft |
| 85053 | $ 380,303 $ 240/sqft | 85004 | $ 420,822 $ 340/sqft |
| 85023 | $ 430,307 $ 270/sqft | 85034 | $ 350,000 $ 285/sqft |
Housing Market Summary for Phoenix, AZ
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $460.3K | $452.4K | -1.72% |
| Median Sold Price | $441.4K | $423.5K | -4.07% |
| Homes For Sale | 14,943 | 22,706 | 51.95% |
| Homes Sold | 7,801 | 6,924 | -11.24% |
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 $46,459 to $23,500,000. The median estimated value of a home in Phoenix is $421,308. The median list price of a home is 453,326.898, and the total count of properties in the city is 31,831.
- 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 42 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 $1,333,850 in 85018 to the lowest value of $109,333 in 85037. Bank owned homes and properties account for 0.91% of properties in Phoenix, AZ. There are 42 zips within Phoenix, AZ; 85016 containing 127 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions85041 has 62 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 2.16% of all properties in Phoenix, AZ. There are 42 zips within Phoenix, AZ; of those zips, the median estimated home value for homes going to auction ranges from $819,109 in 85054 to the lowest value of $96,752 in 85054.
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Guide for Phoenix, AZ
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
