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)
  • 389000.00,389925.00,409999.50,425000.00,440000.00,449800.00,450000.00,453286.00,455000.00,465000.00,469900.00,470000.00
  • 349900.00,360000.00,375000.00,385000.00,395000.00,400000.00,409806.00,419900.00,425000.00,425000.00,429700.00,430000.00
  • 340000.00,349900.00,359000.00,375000.00,390000.00,397143.50,400050.00,401300.00,410000.00,415000.00,420000.00,425000.00

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.
  • 0.95,0.81,0.81,0.82,0.83,0.85,0.97,1.04,1.07,1.12,1.08,0.97

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


Home Inventory:

(12 Month History)
  • 8326,7184,7198,7429,7750,8095,9254,9811,10099,10557,10027,8957
  • 9039,9225,11112,11397,10570,11035,11200,11152,10571,10276,8760,7080
  • 7360,8043,10407,10204,9667,10186,9144,9054,9382,8779,8959,9285

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.
  • 44.8,41.4,35.4,29.7,28.2,26.3,27.4,28.1,28.8,30.5,32.7,34.4

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


Volume:

(12 Month History)
  • 6051194874,5483206736,5586998906,5886650930,6087778965,6257078462,6918955295,7030059072,7305901687,7641301679,7401697038,6733379022
  • 4341892648,4648529899,5748979352,5959785868,5536852540,5737408501,5789649760,5811246153,5767781491,5524107675,4805398244,3794435441
  • 3299770466,3718292740,4872135786,4988534352,4826229168,5085926364,4492371980,4418415900,4567135059,4521249070,4599659263,4930334254

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 448338.38,462301.72,468159.49,488880.28,499247.87,499305.55,491291.77,488007.06,486797.60,515007.30,513412.13,530999.92
  • 443314.87,459005.28,469823.01,494595.50,506343.11,508058.02,498354.47,491377.27,488904.63,515809.94,513226.62,530349.68

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.
  • 99.6,100.1,101.0,101.9,102.3,102.7,102.1,101.3,100.9,100.7,100.4,100.3

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