How much do homes in Phoenix, AZ cost?

Median List Price

$350,033

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$50,140(+16.7%)

Key Takeaway

The list price of homes in Phoenix has increased by 16.7% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $168K$194.2K+15.6%
2 $225.2K$259.9K+15.4%
3 $283.3K$347K+22.5%
4 $370.5K$440.9K+19.0%
5+ $517.6K$630.1K+21.7%

Median List Price Compared To Nearby Cities

Paradise Valley
+22.8%
Glendale
+21.8%
Peoria
+21.0%
Phoenix
+16.7%
Tolleson
+15.3%

How many homes are available in Phoenix, AZ?

Number of Homes For Sale

Jul 2021Aug 2021%
6,7516,714-0.5%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 195188-3.6%
2 1,1661,151-1.3%
3 2,9873,0030.5%
4 1,8621,853-0.5%
5+ 541519-4.1%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
94 Days72 Days-22.7%

Breakdown of Home Sale Times

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Key Takeaway

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About Phoenix, AZ

There are 6,714 homes are for sale in Phoenix, AZ real estate market. The number of homes for sale in Phoenix, AZ decreased by 0.5% between July 2021 and August 2021. Listings spent 72 days on the market in August 2021, and had a median list price of $350,033 during the same period. This housing market listing prices have changed between July 2021 and August 2021: the cost of 1 bedroom properties went up by 15.6%, 2 bedrooms properties became 15.4% more expensive, prices of 3 bedrooms properties increased by 22.5%, the cost of 4 bedrooms properties went up by 19%, prices of 5 bedrooms properties increased by 21.7%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 3.6%, volume of 2 bedrooms homes went down by 1.3%, 3 bedrooms homes inventory increased by 0.5%, 4 bedrooms homes inventory decreased by 0.5%, volume of 5 bedrooms homes went down by 4.1%. In August 2021, from all listings sold in Phoenix, AZ there were more than 1103 sold above asking price, over 534 sold below and more than 434 were sold right at the asked price.

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