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Phoenix Market Report

$658,616

AVERAGE PRICE OF 3,634 HOMES

$382,815

AVERAGE PRICE OF 13 DISTRESSED HOMES

$1,968,103

AVERAGE PRICE OF 448 MULTI-MILLION DOLLAR HOMES

$1,029,891

AVERAGE PRICE OF 396 NEWLY BUILT HOMES

$1,040,906

AVERAGE PRICE OF 1,001 HOMES WITH A POOL

$829,978

AVERAGE PRICE OF 226 REDUCED PRICE HOMES

Average Home

Average Price	$658,616
Avg Bedrooms	3.17 beds
Avg Bathrooms	2.36 baths

Average Price by Bedrooms

1 bedroom	$282,033
2 bedrooms	$366,671
3 bedrooms	$532,494
4 bedrooms	$843,470
5 bedrooms	$1,402,370

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	219	$575,699	76 days
Camelback High School	321	$888,052	66 days
Central High School	356	$772,686	85 days
North High School	176	$668,574	66 days
Pinnacle High School	164	$786,916	54 days

Home Price by House Size

	Total Homes	Average Price	Avg Days on Site
All Homes	3,634	$658,616	74 days
Distressed Homes	13	$382,815	60 days
Multi-Million Dollar Homes	448	$1,968,103	88 days
Newly Built Homes	396	$1,029,891	115 days
Homes with a Pool	1,001	$1,040,906	71 days
Reduced Price Homes	226	$829,978	69 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 Laura Manning - My Home Group Real Estate - Block 77 Team 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 26, 2023