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)
  • 359900.00,366700.00,389000.00,391854.50,389900.00,390000.00,394900.00,389900.00,389000.00,389000.00,390000.00,410000.00
  • 309750.00,319900.00,320000.00,327900.00,335000.00,335990.00,337395.00,334990.00,333000.00,349900.00,360000.00,375000.00
  • 300000.00,295000.00,305000.00,315000.00,325000.00,328000.00,332500.00,330000.00,333000.00,340000.00,349900.00,359000.00

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 1.99,1.94,1.6,1.38,1.38,1.36,1.39,1.27,1.05,0.94,0.81,0.86

Information is deemed to be reliable, but is not guaranteed. © 2021


Home Inventory:

(12 Month History)
  • 16880,16024,12785,11068,11173,11041,11500,10716,9011,8285,7166,7636
  • 9298,9047,9067,10434,10878,11037,11338,8363,7018,9039,9225,11057
  • 7177,7047,9722,10545,9213,9633,10025,9176,10018,7357,8045,10406

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 49.2,48.8,55.1,54.2,49.7,45.0,41.8,39.5,42.4,44.8,41.4,35.5

Information is deemed to be reliable, but is not guaranteed. © 2021


Volume:

(12 Month History)
  • 9992405836,9708969818,8406601610,7479716476,7481196541,7440951209,7817847721,7399776063,6400028875,6013356610,5479912738,5902639592
  • 3623592517,3720475673,3858425748,4430573862,4889758948,5067986230,5237470385,3849442873,3182463395,4339077918,4644865634,5736057769
  • 2701884056,2537844302,3649180497,4224821056,3753897605,4000408705,4354295217,3888493827,4382716269,3299013566,3720095049,4875348467

Information is deemed to be reliable, but is not guaranteed. © 2021


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 376464.27,360131.16,375352.86,400646.85,407456.59,415281.71,434343.66,423767.85,437484.16,448418.32,462410.82,468513.21
  • 369403.50,353782.45,369287.93,394644.56,401890.77,410999.98,428135.09,419438.50,432255.01,443412.60,459148.82,470241.47

Information is deemed to be reliable, but is not guaranteed. © 2021


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.
  • 98.9,98.6,98.8,99.2,99.4,99.5,99.6,99.6,99.5,99.6,100.1,101.0

Information is deemed to be reliable, but is not guaranteed. © 2021