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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

$729,764

AVERAGE PRICE OF 3,961 HOMES

$377,978

AVERAGE PRICE OF 14 DISTRESSED HOMES

$2,158,237

AVERAGE PRICE OF 587 MULTI-MILLION DOLLAR HOMES

$1,104,139

AVERAGE PRICE OF 447 NEWLY BUILT HOMES

$1,066,735

AVERAGE PRICE OF 996 HOMES WITH A POOL

$683,287

AVERAGE PRICE OF 281 REDUCED PRICE HOMES

Average Home

Average Price $729,764
Avg Bedrooms 2.8 beds
Avg Bathrooms 2.19 baths

Average Price by Bedrooms

1 bedroom $265,733
2 bedrooms $396,121
3 bedrooms $558,704
4 bedrooms $857,163
5 bedrooms $1,347,298
Phoenix Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 3,997 3,796 3,655 n/a n/a
Average Price $727,883 $731,006 $725,167 n/a n/a
Avg Price Change -0.43% +0.81% n/a n/a n/a
Median Price $499,306 $499,449 $499,060 n/a n/a
Med Price Change -0.03% +0.08% n/a n/a n/a
Avg Bedrooms 2.79 beds 2.77 beds 2.76 beds n/a n/a
Avg Bathrooms 2.18 baths 2.17 baths 2.16 baths n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 186 $566,713 51 days
Camelback High School 315 $939,322 47 days
Central High School 367 $701,302 54 days
North High School 167 $790,957 51 days
Pinnacle High School 177 $797,486 46 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,961 $729,764 48 days
Distressed Homes 14 $377,978 38 days
Multi-Million Dollar Homes 587 $2,158,237 54 days
Newly Built Homes 447 $1,104,139 57 days
Homes with a Pool 996 $1,066,735 47 days
Reduced Price Homes 281 $683,287 48 days
eXp Realty - H | M Home Team
Heather McDermott
16165 N 83rd Ave, Ste 200
Peoria, AZ 85382
602-810-8936

© 2023 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. December 4, 2023
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