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)
  • 355000.00,355000.00,358268.00,359999.00,360000.00,360000.00,364500.00,369000.00,379500.00,384900.00,359900.00,360000.00
  • 290000.00,285000.00,291330.00,299900.00,299900.00,299900.00,294700.00,309900.00,315000.00,305950.00,309900.00,320000.00
  • 279900.00,280000.00,280000.00,280000.00,285000.00,283838.00,289500.00,290000.00,295000.00,303250.00,300000.00,294448.00

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.
  • 2.33,2.12,1.97,1.94,2,2.01,1.84,1.7,1.64,1.67,1.97,2.1

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


Home Inventory:

(12 Month History)
  • 18271,16693,15627,15536,16184,16353,15028,14041,13758,14111,16695,17366
  • 9313,8814,9823,9270,10040,7788,5751,9800,9516,11353,9298,8928
  • 9476,9342,8916,8023,8040,7133,7793,6473,7476,8870,7184,7003

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.
  • 64.0,62.8,62.2,58.1,58.2,57.7,59.8,64.1,64.7,55.9,50.1,49.4

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


Volume:

(12 Month History)
  • 10500393958,9545347927,8931707884,9034972456,9541395853,9849641667,9314410239,8934978742,9020097269,9294784816,9901486845,10260558280
  • 3445261599,3137479507,3639684115,3773374251,4252882952,3285266839,2306488540,4157114220,4029487854,4466822078,3641952904,3693550693
  • 3390098384,3258275850,3095618757,2741913024,2841921658,2623929537,2886198361,2416301545,2869178588,3412658107,2704370526,2514845386

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 357756.27,348777.12,347198.16,341756.58,353472.84,367857.78,370357.80,373289.29,383785.26,384741.61,376443.56,359109.72
  • 350369.81,341961.80,340481.36,335475.14,346633.94,359549.05,362405.97,365453.34,375963.65,378275.32,369455.91,352845.73

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.
  • 98.5,98.6,98.5,98.5,98.6,98.5,98.4,98.4,98.6,98.9,98.9,98.7

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