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Phoenix Market Report

$499,870

AVERAGE PRICE OF 3,470 HOMES

$355,876

AVERAGE PRICE OF 15 DISTRESSED HOMES

$1,981,554

AVERAGE PRICE OF 264 MULTI-MILLION DOLLAR HOMES

$734,897

AVERAGE PRICE OF 302 NEWLY BUILT HOMES

$863,723

AVERAGE PRICE OF 824 HOMES WITH A POOL

$568,053

AVERAGE PRICE OF 63 REDUCED PRICE HOMES

Average Home

Average Price $499,870
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $220,132
2 bedrooms $289,771
3 bedrooms $408,465
4 bedrooms $620,734
5 bedrooms $1,000,735
Phoenix Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 3,397 3,858 4,397 4,515 4,380
Average Price $485,788 $470,486 $469,947 $472,082 $475,974
Avg Price Change +3.25% +0.11% -0.45% -0.82% +1.88%
Median Price $335,790 $330,029 $333,403 $335,291 $335,868
Med Price Change +1.75% -1.02% -0.57% -0.17% +0.83%
Avg Bedrooms 3.17 beds 3.17 beds 3.19 beds 3.21 beds 3.23 beds
Avg Bathrooms 2.34 baths 2.33 baths 2.34 baths 2.39 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 158 $401,593 35 days
Camelback High School 381 $737,936 59 days
Central High School 294 $497,327 48 days
North High School 189 $439,606 56 days
Paradise Valley High School 145 $403,771 28 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,470 $499,870 46 days
Distressed Homes 15 $355,876 92 days
Multi-Million Dollar Homes 264 $1,981,554 97 days
Newly Built Homes 302 $734,897 116 days
Homes with a Pool 824 $863,723 42 days
Reduced Price Homes 63 $568,053 47 days
Keller Williams Realty Phoenix
3920 S Rural Rd Suite 110
Tempe, AZ 85282
480-768-9333

© 2021 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 Keller Williams Realty 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. February 27, 2021
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