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)
  • 329900.00,334500.00,340487.00,349900.00,355000.00,355000.00,355000.00,358900.00,360000.00,361351.00,362990.00,365000.00
  • 288000.00,288995.00,290000.00,291763.00,295000.00,290000.00,285000.00,291258.00,299900.00,299900.00,299900.00,295000.00
  • 263000.00,265000.00,267000.00,270000.00,279000.00,279900.00,280000.00,280000.00,280000.00,285000.00,283838.00,289900.00

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.
  • 2.53,2.73,2.69,2.62,2.46,2.32,2.12,1.96,1.94,2,2,1.84

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


Home Inventory:

(12 Month History)
  • 20189,21629,21187,20409,19222,18253,16670,15598,15493,16125,16267,15011
  • 10983,9652,11308,11166,11182,9313,8814,9822,9270,10038,7786,5750
  • 5470,6526,8491,9658,10528,9474,9346,8915,8022,8039,7135,7792

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.
  • 70.7,73.0,71.5,68.5,64.9,64.0,62.8,62.2,58.1,58.1,57.6,59.8

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


Volume:

(12 Month History)
  • 11066314951,11806146152,11837663263,11668987884,11103493689,10500139175,9546883432,8926665984,9035799644,9549338059,9864502041,9375936243
  • 4564879669,3758242100,4421044839,4284802389,4281613539,3448599289,3139939078,3643702220,3787417969,4273852982,3310516896,2324007970
  • 1839674705,2202538881,2974503306,3372728424,3742937329,3389629484,3259260649,3094241165,2740173576,2842703588,2623580779,2884534846

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 336320.79,337502.13,350312.48,349216.03,355522.16,357782.30,348733.22,347082.58,341582.35,353614.08,367705.79,370191.84
  • 327962.83,328926.57,340918.30,341319.75,348159.95,350404.70,341923.53,340388.54,335316.90,346769.31,359429.56,362291.30

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.
  • 97.9,98.1,98.2,98.3,98.5,98.5,98.6,98.5,98.5,98.6,98.5,98.4

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