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)
  • 389000.00,392500.00,389900.00,390000.00,394900.00,389900.00,389000.00,389000.00,390000.00,410000.00,425000.00,449700.00
  • 320000.00,327945.00,335000.00,335990.00,337500.00,334900.00,333000.00,349900.00,360000.00,375000.00,385000.00,395000.00
  • 305000.00,315000.00,325000.00,328000.00,332500.00,330000.00,333000.00,340000.00,349900.00,359000.00,375000.00,390000.00

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 1.6,1.38,1.38,1.36,1.39,1.27,1.05,0.95,0.81,0.8,0.82,0.85

Information is deemed to be reliable, but is not guaranteed. © 2021


Home Inventory:

(12 Month History)
  • 12778,11063,11175,11046,11505,10736,9038,8318,7164,7153,7366,7916
  • 9067,10434,10877,11037,11337,8363,7017,9039,9225,11112,11396,10539
  • 9722,10545,9212,9633,10025,9176,10018,7359,8044,10402,10210,9668

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 55.1,54.2,49.7,45.0,41.8,39.5,42.4,44.8,41.4,35.4,29.7,28.2

Information is deemed to be reliable, but is not guaranteed. © 2021


Volume:

(12 Month History)
  • 8413528905,7487680937,7492720700,7453998160,7828898446,7424741848,6434443555,6039898478,5464533092,5564991141,5866735508,6252592037
  • 3859272414,4431412580,4890889622,5068893885,5237366879,3847880676,3183182810,4339507252,4642066223,5750486835,5967462367,5550239727
  • 3649180497,4224821056,3753122605,4000408705,4354295217,3887815827,4383394269,3299560466,3720791740,4870636011,4992863907,4829154855

Information is deemed to be reliable, but is not guaranteed. © 2021


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 375352.86,400646.85,407416.70,415281.71,434343.66,423693.97,437551.83,448370.77,462554.92,468240.34,489017.03,499498.85
  • 369287.62,394644.56,401795.93,410999.98,428132.28,419362.60,432313.19,443351.53,459263.39,469935.52,494747.43,506696.80

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 98.8,99.2,99.4,99.5,99.6,99.6,99.5,99.6,100.1,101.0,101.9,102.3

Information is deemed to be reliable, but is not guaranteed. © 2021