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Phoenix Market Report

$691,552

AVERAGE PRICE OF 3,163 HOMES

$333,767

AVERAGE PRICE OF 17 DISTRESSED HOMES

$1,982,131

AVERAGE PRICE OF 433 MULTI-MILLION DOLLAR HOMES

$1,110,034

AVERAGE PRICE OF 369 NEWLY BUILT HOMES

$1,099,771

AVERAGE PRICE OF 875 HOMES WITH A POOL

$706,782

AVERAGE PRICE OF 182 REDUCED PRICE HOMES

Average Home

Average Price $691,552
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.38 baths

Average Price by Bedrooms

1 bedroom $274,325
2 bedrooms $373,492
3 bedrooms $563,849
4 bedrooms $890,380
5 bedrooms $1,383,290
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 182 $575,982 65 days
Camelback High School 312 $928,992 64 days
Central High School 312 $744,956 105 days
North High School 153 $776,021 74 days
Pinnacle High School 137 $813,648 52 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,163 $691,552 67 days
Distressed Homes 17 $333,767 49 days
Multi-Million Dollar Homes 433 $1,982,131 96 days
Newly Built Homes 369 $1,110,034 127 days
Homes with a Pool 875 $1,099,771 64 days
Reduced Price Homes 182 $706,782 57 days
Team Minik | West USA Realty
Michelle Minik
2920 N Litchfield Rd. Ste 100
Goodyear, AZ 85395
623-777-5810
Team Minik BBB Business Review

© 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 Michelle Minik - Winback - West USA 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. June 8, 2023
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