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)
  • 324900.00,335000.00,345000.00,349000.00,349900.00,340000.00,339000.00,333000.00,330000.00,329900.00,329900.00,330000.00
  • 272500.00,275000.00,276247.50,279500.00,278100.00,274974.50,272000.00,275000.00,279000.00,283900.00,279900.00,277600.00
  • 245399.50,252000.00,254900.00,255000.00,265000.00,268000.00,265000.00,262900.00,260000.00,262500.00,262500.00,263000.00

Information is deemed to be reliable, but is not guaranteed. © 2019


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.
  • 2.41,2.42,2.38,2.35,2.27,2.26,2.2,2.19,2.25,2.38,2.5,2.47

Information is deemed to be reliable, but is not guaranteed. © 2019


Home Inventory:

(12 Month History)
  • 19206,19324,19186,18949,18349,18347,17765,17825,18299,19303,20238,19904
  • 10594,9940,11560,10804,10677,10238,9092,10003,9223,9875,8630,6200
  • 6208,7069,9647,9185,10105,9234,8550,8255,7072,7359,6641,6483

Information is deemed to be reliable, but is not guaranteed. © 2019


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.
  • 75.7,74.7,71.3,65.2,62.4,61.5,60.0,61.4,62.7,61.0,64.1,67.3

Information is deemed to be reliable, but is not guaranteed. © 2019


Volume:

(12 Month History)
  • 10537415728,10895545503,11072193694,11100682553,10710471495,10211479568,9579009762,9447746362,9632109621,10284808753,10972224144,10982141824
  • 4148391491,3743238046,4357925501,3928120897,3809636958,3572646407,3097502190,3537098196,3570414697,3949128929,3412452021,2407201838
  • 2009601123,2235460461,3143021740,3034356687,3432444833,3144416582,2795714447,2732893547,2307623280,2455172788,2235975926,2173551945

Information is deemed to be reliable, but is not guaranteed. © 2019


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 323711.52,316234.33,325803.02,330360.01,339677.87,340525.95,326984.15,331059.18,326304.20,333628.59,336692.66,335269.47
  • 315230.93,308784.25,318337.47,323463.34,331943.80,333363.57,320736.90,323546.03,319590.15,326325.47,329236.28,327782.57

Information is deemed to be reliable, but is not guaranteed. © 2019


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

Information is deemed to be reliable, but is not guaranteed. © 2019