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Phoenix

Why you'd want to live in Phoenix

Nicknamed the "Valley of the Sun," the Greater Phoenix area sees more sunshine than nearly any other metro area in the country. That in and of itself can be enough to entice people to lay down roots here, but Arizona's capital also features a desirable combination of a thriving job market, a relatively low cost of living and plenty of ways to enjoy the nice weather. Phoenix is the best place to get a sampling of all the state has to offer. Its downtown area may be characterized by sleek, ultramodern office buildings, but the city center is not all about work. Phoenix also contains ample opportunities to play. Sports stadiums, arts and shopping districts fringe downtown, as do some of the area's finest eateries. Within the Valley of the Sun, you can trace Arizona's history from its earliest Hohokam residents at the Pueblo Grande Museum and Archaeological Park to the latest technological developments showcased at the Arizona Science Center. Plus, Greater Phoenix's 2,000-plus square miles sprawl to the bottom of striking desert mountains crisscrossed by hiking and biking trails. via realestate.usnews.com

Phoenix Market Report

$707,585

AVERAGE PRICE OF 5,074 HOMES

$367,017

AVERAGE PRICE OF 24 DISTRESSED HOMES

$2,155,538

AVERAGE PRICE OF 709 MULTI-MILLION DOLLAR HOMES

$1,158,496

AVERAGE PRICE OF 337 NEWLY BUILT HOMES

$1,053,347

AVERAGE PRICE OF 1,275 HOMES WITH A POOL

$630,368

AVERAGE PRICE OF 343 REDUCED PRICE HOMES

Average Home

Average Price $707,585
Avg Bedrooms 2.83 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $425,508
2 bedrooms $369,025
3 bedrooms $552,339
4 bedrooms $836,022
5 bedrooms $1,454,931
Phoenix Home Price Trends
  12/2024 11/2024 10/2024 9/2024 8/2024
Total Listings 4,901 5,294 5,284 4,981 4,682
Average Price $685,096 $689,818 $687,856 $691,090 $688,107
Avg Price Change -0.69% +0.29% -0.47% +0.43% -1.23%
Median Price $462,321 $464,127 $470,210 $474,991 $478,870
Med Price Change -0.39% -1.31% -1.02% -0.82% -0.58%
Avg Bedrooms 2.79 beds 2.8 beds 2.81 beds 2.82 beds 2.84 beds
Avg Bathrooms 2.18 baths 2.18 baths 2.18 baths 2.19 baths 2.2 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 408 $981,555 86 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,074 $707,585 85 days
Distressed Homes 24 $367,017 64 days
Multi-Million Dollar Homes 709 $2,155,538 103 days
Newly Built Homes 337 $1,158,496 110 days
Homes with a Pool 1,275 $1,053,347 77 days
Reduced Price Homes 343 $630,368 81 days
Venture REI
Frank Vazquez
15150 Hayden Road, 102
Scottsdale, AZ 85260
602-858-8734

© 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 Dan Noma Jr. - Venture REI 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. January 19, 2025
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