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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

$577,027

AVERAGE PRICE OF 2,909 HOMES

$317,571

AVERAGE PRICE OF 7 DISTRESSED HOMES

$1,928,867

AVERAGE PRICE OF 239 MULTI-MILLION DOLLAR HOMES

$935,616

AVERAGE PRICE OF 201 NEWLY BUILT HOMES

$848,677

AVERAGE PRICE OF 782 HOMES WITH A POOL

$595,570

AVERAGE PRICE OF 87 REDUCED PRICE HOMES

Average Home

Average Price $577,027
Avg Bedrooms 3.19 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $243,244
2 bedrooms $357,073
3 bedrooms $495,072
4 bedrooms $708,814
5 bedrooms $1,064,993
Phoenix Home Price Trends
  12/2021 11/2021 10/2021 9/2021 8/2021
Total Listings 3,358 3,828 3,903 3,892 3,802
Average Price $558,490 $556,985 $550,265 $537,338 $535,645
Avg Price Change +0.27% +1.22% +2.41% +0.32% -0.19%
Median Price $426,663 $424,830 $419,381 $405,161 $399,087
Med Price Change +0.43% +1.30% +3.51% +1.52% +0.04%
Avg Bedrooms 3.21 beds 3.2 beds 3.2 beds 3.19 beds 3.17 beds
Avg Bathrooms 2.29 baths 2.29 baths 2.28 baths 2.28 baths 2.28 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 225 $855,648 61 days
Central High School 215 $617,731 73 days
North Canyon High School 131 $432,386 56 days
North High School 156 $606,737 77 days
South Mountain High School 130 $441,470 50 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 2,909 $577,027 52 days
Distressed Homes 7 $317,571 84 days
Multi-Million Dollar Homes 239 $1,928,867 91 days
Newly Built Homes 201 $935,616 159 days
Homes with a Pool 782 $848,677 48 days
Reduced Price Homes 87 $595,570 46 days
The Novey Team
Inna Novey -Team Lead
7077 E. Marilyn Rd
Scottsdale, AZ 85254
602-672-7012
Jason Smith, NMLS 210839
VP/Branch Manager
NOVA® Home Loans
8800 E. Raintree Drive, Suite 110
Scottsdale, AZ 85260
480.500.3026
Jason.smith@novahomeloans.com
www.novahomeloans.com/jason.smith

Fair Housing/Equal Opportunity
Terms of Use Privacy Notice DMCA
NOVA® Home Loans NMLS 3087 | NOVA® BK 0902429 | P: 480.500.3026 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131230. Also licensed by the CA-DBO under the CFL #6036566. Loans made or arranged pursuant to a California Financing Law License. | NMLS Consumer Access http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3087 | Privacy Policy https://www.novahomeloans.com/media/383141/privacy.pdf | NOVA® Fair Lending Statement https://www.novahomeloans.com/media/3400/fair-lending-statement.pdf | Equal Housing Opportunity For Texas Consumers: Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201, Austin Texas 78705. Complaint forms and instructions may be obtained from the departments website at http://www.sml.texas.gov/ . A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at http://www.sml.texas.gov .
© 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 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. January 27, 2022
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