Phoenix

Why You'd Want to Live in Phoenix

Nicknamed the 'Valley of the Sun,' the Greater Phoenix area sees more sunshine than nearly any other metro area in the country. That in and of itself can be enough to entice people to lay down roots here, but Arizona's capital also features a desirable combination of a thriving job market, a relatively low cost of living and plenty of ways to enjoy the nice weather. Phoenix is the best place to get a sampling of all the state has to offer. Its downtown area may be characterized by sleek, ultramodern office buildings, but the city center is not all about work. Phoenix also contains ample opportunities to play. Sports stadiums, arts and shopping districts fringe downtown, as do some of the area's finest eateries. Within the Valley of the Sun, you can trace Arizona's history from its earliest Hohokam residents at the Pueblo Grande Museum and Archaeological Park to the latest technological developments showcased at the Arizona Science Center. Plus, Greater Phoenix's 2,000-plus square miles sprawl to the bottom of striking desert mountains crisscrossed by hiking and biking trails. via realestate.usnews.com

Phoenix Market Report

$38,334

AVERAGE PRICE OF 6,396 HOMES

$2,132,431

AVERAGE PRICE OF 917 MULTI-MILLION DOLLAR HOMES

$1,054,391

AVERAGE PRICE OF 1,743 HOMES WITH A POOL

$477,003

AVERAGE PRICE OF 38 DISTRESSED HOMES

$1,249,688

AVERAGE PRICE OF 389 NEWLY BUILT HOMES

$625,742

AVERAGE PRICE OF 478 REDUCED PRICE HOMES

Average Home

Average Price $38,334
Avg Bedrooms 3.16 beds
Avg Bathrooms 2.6 baths

Average Price by Bedrooms

1 bedroom $319,666
2 bedrooms $599,431
3 bedrooms $746,903
4 bedrooms $919,156
5 bedrooms $1,335,706

Phoenix Home Price Trends

5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 6,511 6,348 6,091 5,650 4,955
Average Price $60,541 $38,306 $18,514 n/a n/a
Avg Price Change +58.05% +106.90% n/a n/a n/a
Median Price n/a n/a n/a n/a n/a
Med Price Change n/a n/a n/a n/a n/a
Avg Bedrooms 2.84 beds 2.16 beds 2.12 beds 2.58 beds 2.65 beds
Avg Bathrooms 2.38 baths 1.89 baths 1.87 baths 2.2 baths 2.07 baths

Home Price by High School

School Name Total Homes Average Price Avg Days on Site
Camelback High School 534 $895,638 82 days
Total Homes Average Price Avg Days on Site
All Homes 6,396 $38,334 64 days
Multi-Million Dollar Homes 917 $2,132,431 90 days
Homes with a Pool 1,743 $1,054,391 62 days
Distressed Homes 38 $477,003 83 days
Newly Built Homes 389 $1,249,688 109 days
Reduced Price Homes 478 $625,742 58 days