Phoenix, AZ Home Values & Market Trends
Real estate market trends reflect that there have been 20,829 transactions over the past year in Phoenix. The median value for residential home transactions that occurred over the previous year is $421,183.37. The number of current listings in Phoenix is 89, and the percentage of properties for sale in the city is 89.00%. Phoenix, AZ currently has 460 properties in foreclosure, 5 bank owned properties, 455 properties headed for auction, and 89 properties for sale.
Phoenix, AZ Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 85016 | $ 746,003 $ 330/sqft | 85013 | $ 840,946 $ 403/sqft |
| 85022 | $ 609,837 $ 298/sqft | 85024 | $ 720,710 $ 269/sqft |
| 85018 | $ 998,938 $ 475/sqft | 85041 | $ 799,000 $ 279/sqft |
| 85051 | $ 375,000 $ 244/sqft | 85021 | $ 800,000 $ 286/sqft |
| 85042 | $ 415,705 $ 292/sqft | 85004 | $ 1,082,100 $ 546/sqft |
| 85020 | $ 783,568 $ 451/sqft | 85054 | $ 988,000 $ 431/sqft |
| 85050 | $ 984,524 $ 429/sqft | 85015 | $ 176,381 $ 184/sqft |
| 85032 | $ 479,950 $ 319/sqft | 85083 | $ 573,254 $ 243/sqft |
| 85029 | $ 570,385 $ 273/sqft | 85006 | $ 530,000 $ 454/sqft |
| 85085 | $ 705,824 $ 275/sqft | 85017 | $ 307,996 $ 274/sqft |
| 85027 | $ 414,900 $ 293/sqft | 85014 | $ -- $ -- |
| 85045 | $ 545,000 $ 267/sqft | 85003 | $ -- $ -- |
| 85033 | $ 374,613 $ 210/sqft | 85034 | $ -- $ -- |
| 85044 | $ 429,041 $ 317/sqft | 85031 | $ -- $ -- |
| 85008 | $ 510,000 $ 412/sqft | 85007 | $ -- $ -- |
| 85053 | $ 912,000 $ 296/sqft | 85012 | $ -- $ -- |
| 85086 | $ 579,267 $ 295/sqft | 85037 | $ -- $ -- |
| 85043 | $ 294,205 $ 243/sqft | 85035 | $ -- $ -- |
| 85009 | $ 313,250 $ 242/sqft | 85048 | $ -- $ -- |
| 85019 | $ 335,635 $ 216/sqft | 85040 | $ -- $ -- |
| 85023 | $ 391,093 $ 285/sqft | 85028 | $ -- $ -- |
Housing Market Summary for Phoenix, AZ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $536.6K | $420K | -21.73% |
| Median Sold Price | $420.7K | $420K | -0.16% |
| Homes For Sale | 1,199 | 79 | -93.41% |
| Homes Sold | 13,134 | 12,295 | -6.39% |
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 $23,255 to $55,511,768. The median estimated value of a home in Phoenix is $421,183.37. The median list price of a home is 530,000, and the total count of properties in the city is 384,829.
- 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 $322,898 in 85042 to the lowest value of $271,450 in 85009. Bank owned homes and properties account for 0.00% of properties in Phoenix, AZ. There are 42 zips within Phoenix, AZ; 85040 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions85009 has 27 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 0.12% 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 $720,414 in 85045 to the lowest value of $138,736 in 85045.
Compare Nearby Cities
More Real Estate Resources for Phoenix, AZ
Guide for Phoenix, AZ
Market Report of Phoenix, AZ – December 2022-2023
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