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)
  • 369900.00,379453.00,381221.00,359900.00,366203.00,388804.00,390000.00,389000.00,390000.00,393000.00,389780.00,389230.00
  • 309900.00,314999.50,305000.00,309900.00,319900.00,320000.00,327880.00,335000.00,335990.00,337117.50,334900.00,331920.00
  • 290000.00,295000.00,303500.00,300000.00,295000.00,305000.00,315000.00,325000.00,328000.00,332500.00,330000.00,332500.00

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 1.7,1.65,1.68,1.99,1.94,1.6,1.38,1.38,1.35,1.39,1.26,1.06

Information is deemed to be reliable, but is not guaranteed. © 2021


Home Inventory:

(12 Month History)
  • 14078,13816,14181,16877,16013,12770,11049,11156,11005,11459,10654,9153
  • 9800,9516,11352,9298,9047,9067,10434,10878,11037,11338,8363,7011
  • 6475,7473,8865,7177,7046,9722,10543,9214,9633,10028,9177,10021

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 63.2,63.5,54.6,49.2,48.8,55.1,54.2,49.7,45.0,41.8,39.6,42.5

Information is deemed to be reliable, but is not guaranteed. © 2021


Volume:

(12 Month History)
  • 8943845106,9036499594,9291813403,9980093920,9692841732,8379007741,7452986292,7454827792,7402398440,7779704447,7331556440,6449725234
  • 4149182087,4023149594,4454088821,3625741777,3716387270,3857236593,4429860946,4889851789,5066725222,5239764259,3851014663,3188200694
  • 2417269535,2868529798,3411231141,2701884056,2537661312,3651680497,4223666056,3754247605,4000601205,4354585217,3889295817,4386188465

Information is deemed to be reliable, but is not guaranteed. © 2021


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 373323.48,383852.51,384797.65,376464.27,360156.30,375610.01,400613.30,407450.36,415301.69,434242.64,423809.07,437699.68
  • 365485.18,376010.35,378319.51,369410.72,353808.78,369291.87,394613.78,401885.67,411027.90,428066.21,419466.86,432356.99

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 98.4,98.6,98.9,98.9,98.6,98.8,99.2,99.4,99.5,99.6,99.6,99.5

Information is deemed to be reliable, but is not guaranteed. © 2021