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Phoenix Market Report

$654,146

AVERAGE PRICE OF 3,636 HOMES

$369,532

AVERAGE PRICE OF 14 DISTRESSED HOMES

$1,971,603

AVERAGE PRICE OF 446 MULTI-MILLION DOLLAR HOMES

$1,012,551

AVERAGE PRICE OF 388 NEWLY BUILT HOMES

$1,040,980

AVERAGE PRICE OF 1,006 HOMES WITH A POOL

$754,125

AVERAGE PRICE OF 214 REDUCED PRICE HOMES

Average Home

Average Price	$654,146
Avg Bedrooms	3.17 beds
Avg Bathrooms	2.35 baths

Average Price by Bedrooms

1 bedroom	$282,655
2 bedrooms	$361,553
3 bedrooms	$528,127
4 bedrooms	$837,575
5 bedrooms	$1,426,409

Phoenix Home Price Trends

	2/2023	1/2023	12/2022	11/2022	10/2022
Total Listings	3,976	3,783	4,162	4,766	4,996
Average Price	$613,869	$588,099	$570,069	$572,731	$581,787
Avg Price Change	+4.38%	+3.16%	-0.47%	-1.58%	-0.17%
Median Price	$439,836	$431,843	$426,903	$435,735	$446,806
Med Price Change	+1.85%	+1.16%	-2.07%	-2.54%	-0.97%
Avg Bedrooms	3.16 beds	3.16 beds	3.17 beds	3.19 beds	3.2 beds
Avg Bathrooms	2.31 baths	2.28 baths	2.27 baths	2.27 baths	2.27 baths

Home Price by High School

School Name	Total Homes	Average Price	Avg Days on Site
Barry Goldwater High School	223	$568,955	77 days
Camelback High School	319	$880,301	68 days
Central High School	353	$782,571	87 days
North High School	171	$655,485	68 days
Pinnacle High School	160	$784,611	56 days

Home Price by House Size

	Total Homes	Average Price	Avg Days on Site
All Homes	3,636	$654,146	76 days
Distressed Homes	14	$369,532	59 days
Multi-Million Dollar Homes	446	$1,971,603	91 days
Newly Built Homes	388	$1,012,551	120 days
Homes with a Pool	1,006	$1,040,980	73 days
Reduced Price Homes	214	$754,125	72 days

© 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 American Traditions Realty, LLC 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. March 23, 2023