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Phoenix

Why you'd want to live in Phoenix

Phoenix is the capital of the southwestern U.S. state of Arizona. Known for its year-round sun and warm temperatures, it anchors a sprawling, multicity metropolitan area known as the Valley of the Sun. It's known for high-end spa resorts, Jack Nicklaus–designed golf courses and vibrant nightclubs. Other highlights include the Desert Botanical Garden, displaying cacti and numerous native plants. via phoenix.gov

Phoenix Market Report

$571,414

AVERAGE PRICE OF 4,361 HOMES

$329,200

AVERAGE PRICE OF 10 DISTRESSED HOMES

$1,836,168

AVERAGE PRICE OF 357 MULTI-MILLION DOLLAR HOMES

$934,116

AVERAGE PRICE OF 358 NEWLY BUILT HOMES

$840,643

AVERAGE PRICE OF 1,155 HOMES WITH A POOL

$538,560

AVERAGE PRICE OF 415 REDUCED PRICE HOMES

Average Home

Average Price $571,414
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $282,359
2 bedrooms $363,383
3 bedrooms $492,089
4 bedrooms $725,623
5 bedrooms $1,056,932
Phoenix Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 4,766 4,996 5,167 5,084 4,879
Average Price $572,731 $581,787 $582,802 $591,883 $603,023
Avg Price Change -1.58% -0.17% -1.56% -1.88% n/a
Median Price $435,735 $446,806 $451,156 $458,146 $465,000
Med Price Change -2.54% -0.97% -1.55% -1.50% n/a
Avg Bedrooms 3.19 beds 3.2 beds 3.19 beds 3.2 beds 3.21 beds
Avg Bathrooms 2.27 baths 2.27 baths 2.26 baths 2.26 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 257 $528,757 81 days
Camelback High School 296 $792,256 72 days
Central High School 336 $659,767 80 days
Cesar Chavez High School 184 $473,797 79 days
South Mountain High School 209 $500,249 72 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,361 $571,414 77 days
Distressed Homes 10 $329,200 32 days
Multi-Million Dollar Homes 357 $1,836,168 102 days
Newly Built Homes 358 $934,116 125 days
Homes with a Pool 1,155 $840,643 77 days
Reduced Price Homes 415 $538,560 71 days
Realty ONE Group
Jeffrey Nawrot & Kelly Fenley
11211 N Tatum Blvd, STE 120
Phoenix, AZ 85028
602-386-0444

© 2022 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 Jeffrey Nawrot - Realty One 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. December 7, 2022
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