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Phoenix

Why you'd want to live in Phoenix

Nicknamed the "Valley of the Sun," the Greater Phoenix area sees more sunshine than any other metro area in the country. That in and of itself is enough to entice people to lay down roots, 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

$570,864

AVERAGE PRICE OF 4,318 HOMES

$322,454

AVERAGE PRICE OF 11 DISTRESSED HOMES

$1,851,359

AVERAGE PRICE OF 350 MULTI-MILLION DOLLAR HOMES

$935,727

AVERAGE PRICE OF 362 NEWLY BUILT HOMES

$845,212

AVERAGE PRICE OF 1,137 HOMES WITH A POOL

$528,828

AVERAGE PRICE OF 381 REDUCED PRICE HOMES

Average Home

Average Price $570,864
Avg Bedrooms 3.17 beds
Avg Bathrooms 2.27 baths

Average Price by Bedrooms

1 bedroom $281,443
2 bedrooms $363,516
3 bedrooms $490,747
4 bedrooms $722,665
5 bedrooms $1,082,143
Phoenix Home Price Trends
  11/2022 10/2022 9/2022 8/2022 7/2022
Total Listings 4,766 4,996 5,167 5,084 4,879
Average Price $572,731 $581,787 $582,802 $591,883 $603,023
Avg Price Change -1.58% -0.17% -1.56% -1.88% n/a
Median Price $435,735 $446,806 $451,156 $458,146 $465,000
Med Price Change -2.54% -0.97% -1.55% -1.50% n/a
Avg Bedrooms 3.19 beds 3.2 beds 3.19 beds 3.2 beds 3.21 beds
Avg Bathrooms 2.27 baths 2.27 baths 2.26 baths 2.26 baths 2.26 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 253 $528,744 81 days
Camelback High School 298 $814,191 71 days
Central High School 322 $651,174 81 days
Cesar Chavez High School 186 $474,309 78 days
South Mountain High School 206 $486,105 70 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,318 $570,864 77 days
Distressed Homes 11 $322,454 31 days
Multi-Million Dollar Homes 350 $1,851,359 102 days
Newly Built Homes 362 $935,727 125 days
Homes with a Pool 1,137 $845,212 76 days
Reduced Price Homes 381 $528,828 70 days
Crane Real Estate, LLC | CRANE TEAM
Steven Crane- Designated Broker
1329 E Mescal St
Phoenix, AZ 85020
480-519-3085

© 2022 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Steven Crane - Crane Real Estate / RAMP are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. December 9, 2022
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