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)
  • 460000.00,470000.00,479500.00,491000.00,497000.00,499000.00,497500.00,499000.00,495000.00,485000.00,484995.00,487500.00
  • 449990.00,449774.00,450000.00,455000.00,459900.00,449900.00,450000.00,455000.00,459999.50,450000.00,449518.50,470000.00
  • 412179.00,419945.00,425000.00,435000.00,443500.00,435000.00,435000.00,430900.00,435000.00,440000.00,430000.00,431900.00

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.
  • 2.57,2.48,2.4,2.29,2.22,2.2,2.2,2.43,2.72,2.96,2.93,2.92

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


Home Inventory:

(12 Month History)
  • 17806,16671,15647,14423,13868,13640,13572,15000,16554,18002,17734,17608
  • 7724,8449,7881,7905,7669,7047,8018,8064,8266,7017,5390,9208
  • 5706,7602,6693,8109,7457,5917,6267,5575,5206,4634,4928,4433

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.
  • 81.1,76.5,73.2,68.4,64.5,58.5,57.6,55.5,55.9,57.4,61.6,68.4

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


Volume:

(12 Month History)
  • 13352884739,12909926403,12442833974,11894574450,11339985416,10865001436,10720070874,11863600241,13238516517,14201032562,13930003035,14262614937
  • 5129848198,5396576407,4971868273,5106496740,4747516628,4297454918,4934711891,5395853131,5671678568,4660760660,3471691958,6818460784
  • 3080163109,4232180722,3798711853,4700628640,4424791710,3359629659,3553237658,3157676997,3079646955,2712621921,2831207577,2566953855

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 539811.27,556719.38,567564.90,579680.43,593374.24,567792.74,566975.85,566399.46,591557.23,585373.74,574514.52,579055.69
  • 524221.93,541996.10,553108.38,566221.78,581544.98,557355.91,554418.45,555622.58,579430.25,571569.00,559754.33,564255.31

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.
  • 97.5,97.8,98.1,98.3,98.4,98.6,98.4,98.5,98.3,98.1,97.8,97.8

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