Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
Anthem – Apache Junction – Avondale – Buckeye – Carefree – Casa Grande – Cave Creek – Chandler – El Mirage – Fountain Hills – Gilbert – Glendale – Gold Canyon – Goodyear – Laveen – Litchfield Park – Maricopa – Mesa – New River – Paradise Valley – Peoria – Phoenix – Queen Creek – Rio Verde – San Tan Valley – Scottsdale – Sun City – Sun City West – Sun Lakes – Surprise – Tempe – Tolleson – Wickenburg
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)
  • 499900.00,505450.00,499000.00,485000.00,470000.00,460090.00,458000.00,452000.00,449999.00,453000.00,465000.00,475000.00
  • 485000.00,489000.00,469900.00,459000.00,449000.00,449000.00,445000.00,425000.00,425000.00,449999.00,450000.00,450000.00
  • 468000.00,475000.00,473500.00,452500.00,445000.00,439000.00,438000.00,420000.00,411827.50,410000.00,413000.00,419000.00

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 0.94,1.21,1.66,2.2,2.52,2.66,2.84,2.85,2.68,2.58,2.56,2.62

Information is deemed to be reliable, but is not guaranteed. © 2023

Home Inventory:

(12 Month History)
  • 8589,10948,14931,19451,21597,22203,23053,22315,20096,18424,17705,17616
  • 11208,12404,13209,11582,10386,9397,8125,6326,4975,7932,7720,6926
  • 9285,8727,8113,6192,6320,6462,5422,4929,5138,4354,5699,5876

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 27.7,26.9,29.4,32.8,40.2,47.4,54.9,60.6,68.2,79.0,81.0,76.1

Information is deemed to be reliable, but is not guaranteed. © 2023

Volume:

(12 Month History)
  • 7090178297,8728769528,11198899490,13538831409,14360092997,14663742930,15424175299,15035795595,13564687187,13007702855,13408425822,13647003943
  • 7144589846,7876072482,7967240272,6702769148,5881179086,5666326200,4896566965,3664979659,2966082039,5270645919,5190263754,4496682994
  • 5412304206,5088360702,4814455623,3432392324,3584756582,3542438266,3027333631,2681236427,2749094620,2331186684,3077272718,3293880600

Information is deemed to be reliable, but is not guaranteed. © 2023

Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 582908.37,583059.55,593424.83,554326.93,567208.32,548195.34,558342.61,543971.68,535051.50,535412.65,539967.14,560565.11
  • 592256.97,592498.54,592289.68,547087.14,553100.84,532176.16,541960.72,527524.89,516570.42,516700.11,524420.80,545586.43

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 102.2,101.9,100.4,99.1,98.0,97.9,97.4,97.3,96.9,97.0,97.5,97.8

Information is deemed to be reliable, but is not guaranteed. © 2023