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)
  • 358000.00,359995.00,360000.00,360000.00,364000.00,369500.00,379228.00,382000.00,359900.00,367500.00,389000.00,389000.00
  • 292000.00,299900.00,299900.00,299900.00,294500.00,309900.00,314999.00,305000.00,309900.00,319900.00,320000.00,329000.00
  • 280000.00,280000.00,285000.00,283838.00,289500.00,290000.00,295000.00,303500.00,300000.00,295000.00,305000.00,315000.00

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.
  • 1.97,1.94,2.01,2.01,1.84,1.7,1.65,1.67,1.98,1.92,1.59,1.53

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


Home Inventory:

(12 Month History)
  • 15627,15539,16189,16368,15046,14058,13780,14140,16797,15901,12703,12247
  • 9823,9270,10040,7788,5751,9800,9516,11352,9299,9045,9067,10324
  • 8916,8024,8040,7133,7790,6473,7473,8866,7181,7047,9718,10544

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.
  • 61.2,57.0,56.8,56.0,58.6,63.2,63.6,54.6,49.2,48.9,55.1,54.1

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


Volume:

(12 Month History)
  • 8928732936,9032040248,9539593149,9847949937,9316185681,8937680523,9020206708,9286638498,9946180982,9663995926,8385193885,8056530042
  • 3638872063,3772751869,4249138964,3283613056,2308556981,4152350370,4022647214,4456849999,3629569395,3717382589,3867707270,4400228822
  • 3095618757,2742311173,2841921658,2623929537,2885013212,2416578545,2868534588,3411324207,2704060056,2536943750,3648960287,4217496291

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 347198.16,341763.61,353472.84,367857.78,370348.29,373332.08,383853.15,384764.74,376557.59,360003.37,375484.70,399990.16
  • 340479.51,335476.67,346627.60,359545.55,362395.30,365495.92,376027.83,378293.44,369549.46,353688.83,369187.04,393996.07

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.
  • 98.5,98.5,98.6,98.5,98.4,98.4,98.6,98.9,98.9,98.6,98.9,99.2

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