Phoenix

Why you'd want to live in Phoenix

Phoenix covers a vast geographic area and offers a wide array of housing options. Downtown Phoenix is a core employment and culture center with projected growth spurred by a new light-rail system, retail expansion and an upswing in commercial construction. Urban neighborhoods are experiencing a revival renovation and creation of upscale high-end homes and condominiums. Most of the city of Phoenix stretches north from South Mountain Park, the largest municipal park in the world. SOUTH MOUNTAIN VILLAGE South Mountain Village represents one of the “urban villages” designated by the Phoenix Planning Commission. The goal of each village in the city of Phoenix is to offer a unique choice of lifestyle in which residents may live, work and enjoy leisure activities within close proximity. South Mountain Village extends from the Rio Salado to the South Mountain Park Preserve. Despite it’s established neighborhoods, South Mountain Village is a young, developing area. Perhaps once considered a barrier to southward development, 16,500-acre South Mountain Park is now being eyed by developers. From the ridgeline of South Mountain to farm fields and urban neighborhoods, the village offers many different living in Maricopa County environments.

Phoenix Market Report

$583,239

AVERAGE PRICE OF 5,205 HOMES

$339,857

AVERAGE PRICE OF 7 DISTRESSED HOMES

$1,731,301

AVERAGE PRICE OF 441 MULTI-MILLION DOLLAR HOMES

$935,361

AVERAGE PRICE OF 383 NEWLY BUILT HOMES

$842,985

AVERAGE PRICE OF 1,382 HOMES WITH A POOL

$520,374

AVERAGE PRICE OF 778 REDUCED PRICE HOMES

Average Home

Average Price $583,239
Avg Bedrooms 3.2 beds
Avg Bathrooms 2.26 baths

Average Price by Bedrooms

1 bedroom $284,472
2 bedrooms $378,690
3 bedrooms $508,090
4 bedrooms $716,506
5 bedrooms $1,052,449
Phoenix Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 5,084 4,879 n/a n/a n/a
Average Price $591,883 $603,023 n/a n/a n/a
Avg Price Change -1.88% n/a n/a n/a n/a
Median Price $458,146 $465,000 n/a n/a n/a
Med Price Change -1.50% n/a n/a n/a n/a
Avg Bedrooms 3.2 beds 3.21 beds n/a n/a n/a
Avg Bathrooms 2.26 baths 2.26 baths n/a n/a n/a
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 302 $553,727 54 days
Camelback High School 384 $751,361 67 days
Central High School 350 $630,899 60 days
North Canyon High School 222 $444,919 65 days
South Mountain High School 231 $500,733 59 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,205 $583,239 59 days
Distressed Homes 7 $339,857 20 days
Multi-Million Dollar Homes 441 $1,731,301 83 days
Newly Built Homes 383 $935,361 122 days
Homes with a Pool 1,382 $842,985 58 days
Reduced Price Homes 778 $520,374 54 days
Jones-Ticknor Realty Group / Platinum Living Realty
Sheri Jones & Kathleen Ticknor
18281 N Pima Road, Ste C-100
Scottsdale, AZ 85255
S: 602-570-9823
K: 623-340-2677

© 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 Sheri Jones - Platinum Living Realty - Sheri Jones Realty Group 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. September 26, 2022
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