AB
Phoenix
Market Report
By Alexandra Baum
Market Report
Phoenix
Arizona
Filtered
Single FamilyTownhouseCondominium

Market Summary for Phoenix

The following data shows the current and past housing market conditions.

Filtered
Single FamilyTownhouseCondominium
Homes Sold
1,056
2% vs. previous period
Sales Volume
$652.2M
3% vs. previous period
Median Sale Price
$455K
2% vs. previous period
Sale to List Ratio
98%
No change vs. previous period
Avg Price per SqFt
$300
No change vs. previous period
Avg Days on Market
70
7% vs. previous period

Property Types

Over the past five years, the majority of homes sold have been Single Families, with some Townhouses and a limited number of Condominiums available.

Single Family
69,596
Townhouse
8,530
Condominium
5,560
Manufactured
1,404
Multi-Family
1,302
Land
990
Coop
140

Stats by Price Range

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Single FamilyTownhouseCondominium
Homes Sold
Days To Contract
New Listings

Market Conditions

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Single FamilyTownhouseCondominium

Slightly Seller’s Market

Across all price ranges

3.5

months of inventory

Buyer's

Sellers

Price rangeInventoryStatus

Under $300K

3.7 months

Slightly Seller’s Market

$300K–$400K

3.2 months

Slightly Seller’s Market

$400K–$500K

3.5 months

Slightly Seller’s Market

$500K–$600K

3.1 months

Slightly Seller’s Market

$600K–$1.0M

3.7 months

Slightly Seller’s Market

Above $1.0M

4.3 months

Slightly Seller’s Market

Sellers still have the upper hand, but homes may take a bit longer to sell and prices may hover near asking. Buyers should still expect some competition and limited room for negotiation.

Listings in Phoenix, Arizona

Browse available properties in Phoenix, Arizona.

Filtered
Single FamilyTownhouseCondominium