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)
  • 391000.00,394294.00,389900.00,389115.00,389000.00,389950.00,410000.00,425000.00,445000.00,450000.00,450000.00,458305.00
  • 335990.00,337990.00,334990.00,333000.00,349900.00,360000.00,375000.00,385000.00,395000.00,400000.00,409900.00,419995.00
  • 328000.00,332500.00,330000.00,333000.00,340000.00,349900.00,359000.00,375000.00,390000.00,397368.50,400300.00,401000.00

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.
  • 1.36,1.39,1.27,1.05,0.95,0.81,0.81,0.82,0.83,0.85,0.96,1.04

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


Home Inventory:

(12 Month History)
  • 11034,11505,10734,9032,8326,7179,7187,7410,7717,8043,9166,9818
  • 11036,11337,8363,7017,9039,9225,11112,11397,10570,11035,11200,11139
  • 9632,10026,9176,10019,7360,8042,10407,10205,9666,10184,9146,9055

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.
  • 45.0,41.8,39.5,42.4,44.8,41.4,35.4,29.7,28.2,26.2,27.4,28.2

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


Volume:

(12 Month History)
  • 7453919426,7836135454,7434813951,6442182627,6048173726,5475743010,5577092187,5872803516,6076035213,6224583162,6865861127,7071292044
  • 5071194155,5239881445,3847931400,3184171582,4341390046,4643994817,5746986184,5961695977,5539853480,5737004300,5805708324,5826149264
  • 4000138805,4354606832,3887815827,4383727169,3299770466,3717987740,4872172816,4990734352,4826520068,5085068536,4493263252,4418227276

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 415296.80,434331.42,423693.97,437541.39,448338.38,462321.28,468163.05,489047.95,499329.62,499319.38,491281.79,487932.33
  • 411014.62,428118.35,419359.01,432280.04,443315.21,459018.71,469831.03,494756.29,506419.81,508069.33,498376.59,491321.30

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.
  • 99.5,99.6,99.6,99.5,99.6,100.1,101.0,101.9,102.3,102.7,102.1,101.3

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