Phoenix Metro Real Estate Statistics

STATISTICS BY CITY:
Anthem – Apache Junction – Avondale – Buckeye – Carefree – Casa Grande – Cave Creek – Chandler – El Mirage – Fountain Hills – Gilbert – Glendale – Gold Canyon – Goodyear – Laveen – Litchfield Park – Maricopa – Mesa – New River – Paradise Valley – Peoria – Phoenix – Queen Creek – Rio Verde – San Tan Valley – Scottsdale – Sun City – Sun City West – Sun Lakes – Surprise – Tempe – Tolleson – Wickenburg
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)
  • 460000.00,455995.00,450000.00,449900.00,450000.00,460000.00,470000.00,479300.00,494500.00,498945.00,499000.00,499900.00
  • 449000.00,444000.00,425000.00,425000.00,449900.00,449990.00,449900.00,450000.00,458122.00,460000.00,449990.00,459900.00
  • 439590.00,438000.00,420000.00,411000.00,410000.00,412290.00,419900.00,425000.00,435000.00,443894.00,435000.00,435000.00

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 2.66,2.85,2.86,2.69,2.59,2.57,2.47,2.39,2.27,2.19,2.16,2.17

Information is deemed to be reliable, but is not guaranteed. © 2023

Home Inventory:

(12 Month History)
  • 22232,23106,22377,20188,18548,17757,16609,15564,14299,13696,13418,13413
  • 9397,8125,6326,4976,7932,7724,8449,7881,7906,7669,7048,8005
  • 6461,5422,4928,5139,4352,5707,7603,6694,8113,7452,5917,6255

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 47.4,54.9,60.6,68.2,79.0,81.1,76.5,73.2,68.4,64.5,58.5,57.6

Information is deemed to be reliable, but is not guaranteed. © 2023

Volume:

(12 Month History)
  • 14665131012,15429332904,15044227076,13580533836,13032023517,13321079376,12870105857,12390674548,11811355408,11221925951,10725880875,10684844312
  • 5651128379,4887223628,3652744876,2959470454,5232099112,5132579327,5399820662,4980226824,5123310443,4778273831,4338533499,5011256675
  • 3542045232,3027333631,2680472901,2749314615,2330479434,3080962109,4232450722,3799242014,4702933326,4422135695,3359515660,3546560431

Information is deemed to be reliable, but is not guaranteed. © 2023

Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 548219.35,558342.61,543927.13,534990.20,535496.19,539856.69,556681.67,567559.31,579678.70,593415.95,567773.48,566996.07
  • 532207.23,541963.87,527472.77,516492.36,516728.75,524274.56,541959.95,553113.83,566219.23,581629.44,557395.41,554463.87

Information is deemed to be reliable, but is not guaranteed. © 2023

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.
  • 97.9,97.4,97.3,96.9,97.0,97.5,97.8,98.1,98.3,98.4,98.6,98.4

Information is deemed to be reliable, but is not guaranteed. © 2023