Phoenix, AZ Real Estate Market Trends & Home Values

Phoenix, AZ Market Overview

Real estate market trends reflect that there have been 36523 transactions over the past year in Phoenix. The median value for residential home transactions that occurred over the previous year is $448,944. The number of current listings in Phoenix is 949, and the percentage of properties for sale in the city is 71.1%. Phoenix, AZ currently has 386 properties in foreclosure, 0 bank owned properties, 386 properties headed for auction, and 949 properties for sale.

Active Residential Inventory

1,335

Total Inventory

Recently Sold Properties

23,991

Total Sales (Last 6 Months)

Foreclosures ( 386 )

28.9%

Pre-foreclosures ( 0 )

Bank Owned ( 0 )

Auctions ( 386 )

28.9%

For Sale ( 949 )

71.1%

Phoenix, AZ Home Values

$448,944

Phoenix home values range from $23,837 to $33,500,000. The median estimated value of a home in Phoenix is $448,944. The median list price of a home is $518,200, and the total count of properties in the city is 383,370.

Phoenix, AZ Real Estate Market Overview

Phoenix, AZ Foreclosures Market Overview

Last 24 Hours

Zip Code	Median Est. Value
85022	$683,878 $305.00/sqft
85032	$501,251 $333.00/sqft
85041	$443,902 $256.50/sqft
85027	$425,958 $308.00/sqft
85042	$416,633 $257.00/sqft
85037	$397,342 $259.00/sqft
85015	$396,284 $258.50/sqft
85031	$368,361 $222.00/sqft
85019	$364,768 $248.00/sqft
85033	$352,952 $249.00/sqft

There are 42 zip codes within Phoenix, AZ; within these zip codes, the median estimated home value for homes in foreclosure ranges from $23,745,800 in 85022 to the lowest value of $64,796 in 85031. Foreclosure homes account for 0.10% of properties in Phoenix, AZ with 85037 containing 23 foreclosures, the highest number of foreclosure properties in a single zip code.