If you need assistance, please call 480-768-9333

Phoenix Market Report

$719,551

AVERAGE PRICE OF 5,581 HOMES

$387,064

AVERAGE PRICE OF 35 DISTRESSED HOMES

$2,184,032

AVERAGE PRICE OF 808 MULTI-MILLION DOLLAR HOMES

$1,113,212

AVERAGE PRICE OF 347 NEWLY BUILT HOMES

$1,088,126

AVERAGE PRICE OF 1,431 HOMES WITH A POOL

$682,999

AVERAGE PRICE OF 441 REDUCED PRICE HOMES

Average Home

Average Price $719,551
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $404,352
2 bedrooms $373,739
3 bedrooms $565,187
4 bedrooms $862,670
5 bedrooms $1,431,018
Phoenix Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 4,948 4,901 5,294 5,284 4,981
Average Price $702,886 $685,096 $689,818 $687,856 $691,090
Avg Price Change +2.60% -0.69% +0.29% -0.47% +0.43%
Median Price $472,766 $462,321 $464,127 $470,210 $474,991
Med Price Change +2.26% -0.39% -1.31% -1.02% -0.82%
Avg Bedrooms 2.82 beds 2.79 beds 2.8 beds 2.81 beds 2.82 beds
Avg Bathrooms 2.2 baths 2.18 baths 2.18 baths 2.18 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 474 $985,115 80 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,581 $719,551 81 days
Distressed Homes 35 $387,064 59 days
Multi-Million Dollar Homes 808 $2,184,032 97 days
Newly Built Homes 347 $1,113,212 110 days
Homes with a Pool 1,431 $1,088,126 71 days
Reduced Price Homes 441 $682,999 73 days
Keller Williams Realty Phoenix
3920 S Rural Rd Suite 110
Tempe, AZ 85282
480-768-9333

© 2025 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 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 10, 2025
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