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)
  • 340026.00,349900.00,355000.00,355000.00,355000.00,358268.00,359999.00,360000.00,360000.00,364750.00,369900.00,380000.00
  • 290000.00,291636.00,295000.00,290000.00,285000.00,291330.00,299900.00,299900.00,299900.00,294838.50,309900.00,315000.00
  • 267000.00,270000.00,279000.00,279900.00,280000.00,280000.00,280000.00,285000.00,283838.00,289900.00,290000.00,295000.00

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.
  • 2.69,2.63,2.46,2.33,2.12,1.97,1.94,2,2.01,1.83,1.69,1.65

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


Home Inventory:

(12 Month History)
  • 21193,20417,19232,18267,16685,15615,15522,16164,16323,14981,13985,13779
  • 11308,11167,11181,9313,8814,9823,9270,10038,7786,5750,9800,9516
  • 8490,9659,10528,9476,9343,8917,8021,8039,7137,7791,6472,7478

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.
  • 71.5,68.5,64.9,64.0,62.8,62.2,58.1,58.2,57.6,59.8,64.1,64.6

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


Volume:

(12 Month History)
  • 11841755513,11671230441,11104606290,10500644561,9545139359,8930409811,9038055063,9547874881,9854157781,9315697505,8948910786,9130830079
  • 4420241309,4283058391,4279547429,3446137762,3138835442,3641751939,3777831003,4257242552,3291118042,2310247945,4172488051,4050834376
  • 2972803406,3374428324,3742937329,3390098384,3258530750,3095898757,2741070489,2841537158,2625135878,2885761520,2416276473,2868777703

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 350153.52,349355.87,355522.16,357756.27,348767.07,347190.62,341736.75,353468.98,367820.64,370396.81,373343.09,383629.01
  • 340762.93,341446.99,348156.52,350371.19,341952.32,340479.85,335461.01,346625.17,359524.81,362448.76,365528.78,375848.91

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

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