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)
  • 469900.00,469999.00,474900.00,479900.00,485000.00,499900.00,507500.00,499000.00,489000.00,474990.00,469000.00,465000.00
  • 429900.00,430000.00,450000.00,450000.00,469990.00,485000.00,489000.00,470000.00,460000.00,449995.00,450000.00,450000.00
  • 420000.00,425000.00,433000.00,447193.00,459900.00,468000.00,475000.00,473745.00,452450.00,445000.00,439000.00,437050.00

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.
  • 1.09,0.95,0.9,0.81,0.8,0.93,1.2,1.65,2.19,2.5,2.63,2.82

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


Home Inventory:

(12 Month History)
  • 10097,8840,8271,7411,7325,8556,10898,14847,19336,21450,22004,22836
  • 8761,7098,9080,9135,10984,11208,12404,13209,11582,10386,9397,8124
  • 8963,9269,7101,7993,10144,9285,8727,8112,6188,6322,6463,5428

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.
  • 32.7,34.4,36.3,34.4,30.5,27.6,26.7,29.4,32.7,40.1,47.3,54.8

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


Volume:

(12 Month History)
  • 7473251438,6670673542,6299185679,6009697029,6168096415,7083900320,8716670862,11179051694,13514229210,14356508744,14682473799,15514973946
  • 4805822177,3792166602,5441403246,5560689148,6817896868,7159674044,7891790333,7985716562,6734561300,5926227127,5736722104,4979772702
  • 4601673643,4925678120,3838728468,4449748227,5751831519,5412304206,5088208227,4813912317,3430101032,3589189592,3542643023,3029315612

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


Comparison of Homes Sold – List Price to Sold Price:

(12 Month History)
  • 513407.75,531414.19,540589.84,556705.65,567018.09,582908.37,583042.08,593431.01,554314.97,567730.08,548142.20,558090.57
  • 513160.62,530739.55,539499.53,561723.53,574774.84,592267.90,592481.82,592288.88,547075.56,553640.31,532131.98,541718.17

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.
  • 100.4,100.3,100.3,101.1,101.8,102.2,101.9,100.4,99.1,98.0,97.9,97.4

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