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Phoenix Market Report

$693,163

AVERAGE PRICE OF 3,160 HOMES

$338,609

AVERAGE PRICE OF 15 DISTRESSED HOMES

$1,981,923

AVERAGE PRICE OF 435 MULTI-MILLION DOLLAR HOMES

$1,079,810

AVERAGE PRICE OF 369 NEWLY BUILT HOMES

$1,109,618

AVERAGE PRICE OF 873 HOMES WITH A POOL

$700,911

AVERAGE PRICE OF 186 REDUCED PRICE HOMES

Average Home

Average Price $693,163
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.44 baths

Average Price by Bedrooms

1 bedroom $276,593
2 bedrooms $374,862
3 bedrooms $564,263
4 bedrooms $889,879
5 bedrooms $1,413,941
Phoenix Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 3,388 3,548 3,689 3,976 3,783
Average Price $683,027 $665,305 $645,069 $613,869 $588,099
Avg Price Change +2.66% +3.14% +5.08% +4.38% +3.16%
Median Price $481,999 $470,389 $452,788 $439,836 $431,843
Med Price Change +2.47% +3.89% +2.94% +1.85% +1.16%
Avg Bedrooms 3.19 beds 3.18 beds 3.17 beds 3.16 beds 3.16 beds
Avg Bathrooms 2.43 baths 2.37 baths 2.34 baths 2.31 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 187 $580,174 65 days
Camelback High School 315 $939,455 63 days
Central High School 313 $737,251 103 days
North High School 158 $759,371 73 days
Pinnacle High School 137 $807,834 54 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,160 $693,163 67 days
Distressed Homes 15 $338,609 56 days
Multi-Million Dollar Homes 435 $1,981,923 94 days
Newly Built Homes 369 $1,079,810 126 days
Homes with a Pool 873 $1,109,618 64 days
Reduced Price Homes 186 $700,911 54 days
r3homegroup - Brokered by Delex Realty
6170 W Chandler Blvd Suite 14
Chandler, AZ 85226
602-320-7547


Chris Lawler, Originating Branch Manager, CrossCountry Mortgage, LLC; NMLS 869968 | Branch NMLS2213428 | Company NMLS3029

© 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 Jeff Cayton - R3 Home Group 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. June 5, 2023
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