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)
  • 454185.00,455000.00,465000.00,469850.00,470000.00,474999.00,480000.00,485000.00,499999.00,515000.00,505000.00,499990.00
  • 419900.00,425000.00,425000.00,429900.00,430000.00,450000.00,450000.00,470000.00,489000.00,494000.00,478900.00,475000.00
  • 401050.00,410000.00,415000.00,420000.00,425000.00,433000.00,447193.00,459900.00,468000.00,475000.00,473000.00,452500.00

Information is deemed to be reliable, but is not guaranteed. © 2022


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.
  • 1.04,1.08,1.13,1.09,0.95,0.9,0.8,0.79,0.92,1.19,1.63,2.19

Information is deemed to be reliable, but is not guaranteed. © 2022


Home Inventory:

(12 Month History)
  • 9811,10121,10611,10107,8826,8246,7365,7257,8463,10770,14660,19360
  • 11152,10571,10276,8761,7098,9080,9135,10984,11208,12404,13209,11547
  • 9056,9383,8777,8963,9269,7101,7993,10145,9285,8729,8115,6182

Information is deemed to be reliable, but is not guaranteed. © 2022


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.
  • 28.1,28.8,30.5,32.7,34.4,36.3,34.4,30.5,27.6,26.7,29.3,32.7

Information is deemed to be reliable, but is not guaranteed. © 2022


Volume:

(12 Month History)
  • 7048931230,7337357746,7705090816,7482355746,6670550268,6294156807,5992567917,6149367581,7067913408,8733958448,11253455590,13983899193
  • 5816977870,5768544881,5527342364,4806784305,3793030467,5442596418,5563121870,6827286795,7189503832,7965385898,8120856384,6934509323
  • 4419024030,4567478527,4520439460,4601673643,4926000502,3838728468,4449748227,5752331518,5411805207,5088844112,4815098202,3427970580

Information is deemed to be reliable, but is not guaranteed. © 2022


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 487966.43,486782.32,515032.41,513407.75,531448.97,540589.84,556705.65,567011.49,582854.63,582981.34,593357.76,554508.34
  • 491329.60,488887.93,515777.90,513160.62,530768.15,539503.20,561725.28,574753.96,592380.19,592448.29,592192.00,547277.55

Information is deemed to be reliable, but is not guaranteed. © 2022


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.
  • 101.3,100.9,100.7,100.4,100.3,100.3,101.1,101.7,102.2,101.9,100.4,99.1

Information is deemed to be reliable, but is not guaranteed. © 2022