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)
  • 360000.00,360000.00,364000.00,369000.00,379000.00,380495.00,359900.00,365000.00,387000.00,390000.00,389500.00,390000.00
  • 299900.00,299900.00,294500.00,309900.00,314999.50,305000.00,309900.00,319900.00,320000.00,327860.00,335000.00,337000.00
  • 285000.00,283669.00,289500.00,290000.00,295000.00,303500.00,300000.00,295000.00,305000.00,315000.00,325000.00,327500.00

Information is deemed to be reliable, but is not guaranteed. © 2020


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.
  • 2.01,2.01,1.84,1.7,1.65,1.68,1.99,1.93,1.6,1.38,1.37,1.39

Information is deemed to be reliable, but is not guaranteed. © 2020


Home Inventory:

(12 Month History)
  • 16192,16377,15064,14082,13811,14176,16865,15993,12749,11014,11129,11272
  • 10040,7788,5751,9800,9516,11352,9298,9047,9067,10433,10879,11026
  • 8039,7134,7791,6473,7472,8865,7181,7046,9717,10542,9215,9652

Information is deemed to be reliable, but is not guaranteed. © 2020


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.
  • 56.8,56.0,58.6,63.2,63.6,54.6,49.2,48.9,55.1,54.2,49.6,45.0

Information is deemed to be reliable, but is not guaranteed. © 2020


Volume:

(12 Month History)
  • 9542706964,9850455998,9322542393,8944734861,9032162305,9296796652,9981584758,9692115749,8382869178,7459386079,7474652729,7599080121
  • 4245966023,3284211850,2307521403,4150806683,4023151080,4455244484,3626073130,3714351000,3857397477,4432592868,4896548975,5085771452
  • 2841771758,2624079437,2885237202,2416623645,2868265588,3411231141,2704216056,2537210447,3649902561,4223039856,3754146701,4007604363

Information is deemed to be reliable, but is not guaranteed. © 2020


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 353498.17,367827.23,370329.51,373339.05,383868.52,384797.65,376579.31,360092.31,375620.31,400591.90,407395.19,415209.74
  • 346647.89,359513.23,362374.12,365498.59,376032.06,378320.35,369536.53,353760.67,369305.71,394600.13,401838.20,410938.99

Information is deemed to be reliable, but is not guaranteed. © 2020


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.
  • 98.6,98.5,98.4,98.4,98.6,98.9,98.9,98.6,98.8,99.2,99.4,99.5

Information is deemed to be reliable, but is not guaranteed. © 2020