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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, multi-city 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.

Phoenix Market Report

$718,799

AVERAGE PRICE OF 5,613 HOMES

$386,830

AVERAGE PRICE OF 33 DISTRESSED HOMES

$2,180,783

AVERAGE PRICE OF 811 MULTI-MILLION DOLLAR HOMES

$1,105,072

AVERAGE PRICE OF 346 NEWLY BUILT HOMES

$1,083,354

AVERAGE PRICE OF 1,447 HOMES WITH A POOL

$664,310

AVERAGE PRICE OF 421 REDUCED PRICE HOMES

Average Home

Average Price $718,799
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.22 baths

Average Price by Bedrooms

1 bedroom $401,660
2 bedrooms $374,053
3 bedrooms $564,281
4 bedrooms $870,042
5 bedrooms $1,391,608
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 $980,913 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,613 $718,799 82 days
Distressed Homes 33 $386,830 62 days
Multi-Million Dollar Homes 811 $2,180,783 99 days
Newly Built Homes 346 $1,105,072 116 days
Homes with a Pool 1,447 $1,083,354 73 days
Reduced Price Homes 421 $664,310 75 days
The Novey Team
Inna Novey -Team Lead
14350 N. 87th St. Ste 170
Scottsdale, AZ 85260
602-672-7012

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© 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 Inna Novey - The Novey Team - 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. February 13, 2025
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