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Phoenix

Why you'd want to live in Phoenix

Phoenix is also the capital of Arizona, as well as the largest city and largest metropolitan area in Arizona. Phoenix is located in central Arizona, in the southwestern United States. It is 20 minutes west of Tempe, and 20 minutes southwest of Scottsdale. Phoenix is home to more than five Fortune 1000 company headquarters, including well-recognized names such as Avnet, Phelps Dodge, and PetSmart. Nearby Tempe is home to US Airways. Other companies with major operations in Phoenix include: Intel, Motorola, AlliedSignal, Honeywell, Boeing, American Express, Prudential, Charles Schwab and more. Phoenix has received the National Civic League's prestigious "All-America City" Award four times. Phoenix has an arid climate that is characterized by some of the hottest seasonal temperatures anywhere. Phoenix averages 325 sunny days and less than eight inches of rain a year. The hottest recorded summer temperature was 122 degrees Fahrenheit. Snow is very rare in Phoenix, though it still can occur occasionally.

Phoenix Market Report

$733,154

AVERAGE PRICE OF 4,785 HOMES

$247,830

AVERAGE PRICE OF 9 DISTRESSED HOMES

$2,104,390

AVERAGE PRICE OF 736 MULTI-MILLION DOLLAR HOMES

$1,102,725

AVERAGE PRICE OF 427 NEWLY BUILT HOMES

$1,071,656

AVERAGE PRICE OF 1,270 HOMES WITH A POOL

$652,389

AVERAGE PRICE OF 382 REDUCED PRICE HOMES

Average Home

Average Price $733,154
Avg Bedrooms 2.88 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $259,382
2 bedrooms $391,699
3 bedrooms $565,199
4 bedrooms $848,549
5 bedrooms $1,332,527
Phoenix Home Price Trends
  4/2024 3/2024 2/2024 1/2024 12/2023
Total Listings 4,594 4,455 4,264 4,107 3,941
Average Price $750,550 $736,069 $730,180 $729,886 $723,807
Avg Price Change +1.97% +0.81% +0.04% +0.84% -0.56%
Median Price $499,800 $498,422 $498,105 $492,122 $495,779
Med Price Change +0.28% +0.06% +1.22% -0.74% -0.71%
Avg Bedrooms 2.87 beds 2.87 beds 2.85 beds 2.82 beds 2.8 beds
Avg Bathrooms 2.26 baths 2.27 baths 2.24 baths 2.2 baths 2.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 411 $978,430 66 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,785 $733,154 66 days
Distressed Homes 9 $247,830 29 days
Multi-Million Dollar Homes 736 $2,104,390 84 days
Newly Built Homes 427 $1,102,725 95 days
Homes with a Pool 1,270 $1,071,656 61 days
Reduced Price Homes 382 $652,389 50 days
eXp Realty - H | M Home Team
Heather McDermott
16165 N 83rd Ave, Ste 200
Peoria, AZ 85382
602-810-8936

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Heather McDermott - Heather McDermott - Long Realty | Uptown (Karen Coffey Coaching Client) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. May 22, 2024
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