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)
  • 440000.00,449366.50,450000.00,453143.00,455000.00,465000.00,469875.00,470000.00,475000.00,480000.00,489900.00,505060.00
  • 395000.00,400000.00,409900.00,419900.00,425000.00,425000.00,429900.00,430000.00,450000.00,450000.00,470000.00,494900.00
  • 390000.00,397143.50,400100.00,401050.00,410000.00,415000.00,420000.00,425000.00,433000.00,447181.50,459800.00,467000.00

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.
  • 0.83,0.85,0.97,1.04,1.07,1.13,1.09,0.95,0.89,0.79,0.78,0.92

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


Home Inventory:

(12 Month History)
  • 7732,8082,9252,9814,10113,10596,10086,8793,8196,7294,7179,8443
  • 10570,11035,11200,11152,10571,10276,8761,7098,9080,9135,10984,11201
  • 9667,10186,9143,9056,9383,8776,8964,9270,7102,7994,10150,9305

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.
  • 28.2,26.3,27.4,28.1,28.8,30.5,32.7,34.4,36.3,34.5,30.6,27.6

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


Volume:

(12 Month History)
  • 6077376274,6248787876,6917756225,7038788761,7320912893,7683035570,7459051682,6642869890,6263088118,5953986837,6134147626,7172686473
  • 5537586465,5741041761,5793478436,5817392633,5767928860,5527942682,4807453714,3793206621,5445986322,5569420665,6849156833,7266824985
  • 4826229168,5085926364,4492072080,4419024030,4567478527,4520015560,4602023633,4926265502,3839364719,4450788127,5754195498,5417606352

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 499247.87,499305.55,491312.71,487966.43,486782.32,515042.79,513389.52,531420.23,540603.31,556766.09,566915.81,582225.29
  • 506341.72,508050.40,498373.92,491329.60,488888.47,515808.59,513142.41,530742.74,539728.31,561763.29,574694.52,591749.19

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.
  • 102.3,102.6,102.1,101.3,100.9,100.7,100.4,100.3,100.3,101.1,101.8,102.2

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