Phoenix Real Estate Update

Phoenix is made up of 4.73 million people making it the 11th largest city in the United States. What was once settled in 1867 as an agricultural center is now a bustling city with over 210 sunny days; fitting, considering the city’s nickname is Valley of The Sun.

Phoenix Market Stats

(According to Zillow)

The median home value is $242,100, up 4.5% over the past year and predicted to rise 1.5% by 2020. The median price of homes currently listed is $289,900, which is 20% higher than the median selling price, $231,400.

However, different real estate websites give us different results and we don’t want to mislead you. See the table below for a comparison of stats from Zillow,, and Redfin.

  • Zillow
  • Listing Price
  • Sales Price
  • Price/sqft
  • Days on Market
  • Market Status
  • Zillow
  • $289,900 (Median)
  • $231,400 (Median)
  • $172 (Median List)
  • 57
  • n/a
  • Redfin
  • $271K (Average)
  • $267K (Average)
  • $164 (Average Sold)
  • 43
  • Somewhat Competitive
  • $285K (Median)
  • $425K (Median)
  • $171 (Median List)
  • 72
  • Buyer’s Market

Zillow Home Value Index of Phoenix, AZ

Home Value Index by Neighborhood

From Zillow

Stats by Neighborhood

Paradise Valley Village

  • $364.9K Median Listing Price
  • $203 Price per sqft
  • 934 Homes for Sale

14410 N 42nd Pl Listed by: EugeneQuackenbush with Opendoor Brokerage, LLC

4328 N 36th St Unit 10 Listed by: Michael Snitz with Realty Executives

Camelback East

  • $400K Median Listing Price
  • $233 Price per sqft
  • 1,106 Homes for Sale

Deer Valley

  • $270K Median Listing Price
  • $163 Price per sqft
  • 752 Homes for Sale

22209 N 29th Dr Listed by: Laurie H. Parent with Apartment Hunters

11255 N 17th Ave Listed by: Christopher S. Hendrick with Real Living Property For You

North Mountain

  • $249.5K Median Listing Price
  • $157 Price per sqft
  • 669 Homes for Sale


  • $199K Median Listing Price
  • $134 Price per sqft
  • 426 Homes for Sale

7114 W Weldon Ave Listed by: Ofelia Smith with Realty Executives

For more information on homes in Phoenix please feel free to contact us. We are here to help meet all of your home inspection needs!