Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
AnthemApache JunctionAvondaleBuckeyeCarefreeCasa GrandeCave CreekChandlerEl MirageFountain HillsGilbertGlendaleGold CanyonGoodyearLaveenLitchfield ParkMaricopaMesaNew RiverParadise ValleyPeoriaPhoenixQueen CreekRio VerdeSan Tan ValleyScottsdaleSun CitySun City WestSun LakesSurpriseTempeTollesonWickenburg
Note: The charts below represent statistics for the entire Phoenix metro area. Select a link above for stats on a specific city.

Home Prices:

(12 Month History)
  • 480000.00,479990.00,480000.00,489000.00,489500.00,494990.00,495000.00,494500.00,489990.00,484990.00,489000.00,489850.00
  • 449900.00,445000.00,465000.00,464995.00,461536.50,475000.00,468000.00,459000.00,450000.00,461990.00,472000.00,469000.00
  • 440000.00,430000.00,431900.00,440000.00,445000.00,450000.00,450000.00,450000.00,440000.00,440000.00,441500.00,450000.00

Information is deemed to be reliable, but is not guaranteed. © 2024


Absorption Rate:

(12 Month History)
This rate represents the number of months it would take to deplete the current inventory with NO NEW LISTINGS. The absorption rate in a balanced market is typically between 5 – 7 months. A higher number reflects more of a buyer’s market and a lower number a seller’s market.
  • 2.98,2.96,2.95,3.12,3.28,3.32,3.36,3.44,3.45,3.42,3.63,4.06

Information is deemed to be reliable, but is not guaranteed. © 2024


Home Inventory:

(12 Month History)
  • 18124,17904,17782,18871,19852,19826,20200,20514,20251,20163,21245,23718
  • 7017,5389,9212,8990,9822,9620,9475,8192,7688,8819,8999,8539
  • 4634,4925,4437,5759,6769,7048,7601,6317,6210,5734,5483,5426

Information is deemed to be reliable, but is not guaranteed. © 2024


Average Days on Market:

(12 Month History)
This number represents the average number of days between the original listing date
and the “under contract” date among the homes sold in a given month.
  • 57.4,61.6,68.4,68.7,67.1,66.0,64.7,65.2,66.8,71.0,70.2,69.6

Information is deemed to be reliable, but is not guaranteed. © 2024


Volume:

(12 Month History)
  • 14192637127,13912200108,14193888043,15719676901,16555548498,16636571044,16709029168,16248121841,15281254418,14831627623,17751596869,18019465956
  • 4617339438,3429029290,6691931270,6011307921,6559733974,6350987776,6093910992,5002249177,4562423060,5582745992,8206926485,5966522600
  • 2713241126,2825308862,2568408737,3400605754,4013664676,4408873283,4641789413,3832215515,3606618418,3385654810,3183908467,3218498625

Information is deemed to be reliable, but is not guaranteed. © 2024


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 585507.36,573666.77,578861.56,590485.46,592947.95,625549.56,610681.41,606651.18,580775.91,590452.53,580687.30,593162.30
  • 571679.61,559071.71,564024.68,578161.09,580572.33,612151.71,597707.53,592912.15,566957.45,577335.01,567587.76,579792.69

Information is deemed to be reliable, but is not guaranteed. © 2024


Sale to List Price Ratio:

(12 Month History)
This ratio represents the average percentage of the list price that sellers accepted in a given month.
  • 98.1,97.8,97.8,98.1,98.3,98.3,98.3,98.3,98.3,98.1,98.2,98.2

Information is deemed to be reliable, but is not guaranteed. © 2024