Source for monthly Phoenix Housing Market Report by Realtors serving Phoenix, AZ. Information is power. Facts not fiction from the Arizona Regional Multiple Listing Service (ARMLS).
Text 602-300-0374
LISTINGS TO BEGIN SEPTEMBER and AUGUST RESULTS
(Table may require a swipe left on mobile devices)
Strong Buyer's Market | Buyer's Market | Balanced | Seller's Market | Strong Seller's Market |
On a price per-square foot average (see table below):
At $276 per-square foot in September, prices are unchanged from August, unchanged from last September, but down $16 from their peak in May '22
Last month, sellers received an average of -$9,585 less than their asking prices
October 2024 began 2,265 listings, which is 178% of the 3 year average of 1,272 (from 2021-2023)
September had 766 sales, or 64% of the 3 year average of 1,196 (from 2021-2023)
Phoenix is currently turning over housing inventory once every 2.8 months
Days on market for sold homes are currently 59
Bank-owned properties and short sales made up only 0.3% of all Phoenix sales
Phoenix Housing Market Report Updated in October 2024
To reduce data errors results are based on:
Phoenix SOLD single family residences, patio homes, and townhomes (ask us about condos)
List/sales price under $1,000,000
Size over 1,000 sq ft.
Calendar month
Phoenix sales data below will increase your understanding the local housing market (we have city data archived back to January 2008).
Month | Total Active | Total Sold | % Sold | MO. INV. | Sq ft | Price | DOM | $$ sq ft | +/- List Price |
Oct-24 | 2,265 |
|
|
|
|
|
|
|
|
Sep-24 | 2,146 | 766 | 35.7% | 2.8 | 1,798 | $496,869 | 59 | $276 | -$9,585 |
Aug-24 | 1,945 | 722 | 37.1% | 2.7 | 1,792 | $495,085 | 55 | $276 | -$9,327 |
Jul-24 | 1,889 | 880 | 46.6% | 2.1 | 1,745 | $485,266 | 51 | $278 | -$6,642 |
Jun-24 | 1,736 | 881 | 50.7% | 2.0 | 1,769 | $496,734 | 49 | $281 | -$6,718 |
May-24 | 1,689 | 1,018 | 60.3% | 1.7 | 1,791 | $500,709 | 49 | $280 | -$6,783 |
Apr-24 | 1,621 | 936 | 57.7% | 1.7 | 1,784 | $507,228 | 57 | $284 | -$7,520 |
Mar-24 | 1,562 | 949 | 60.8% | 1.6 | 1,793 | $509,438 | 56 | $284 | -$7,461 |
Feb-24 | 1,515 | 769 | 50.8% | 2.0 | 1,786 | $496,946 | 57 | $278 | -$8,232 |
Jan-24 | 1,408 | 618 | 43.9% | 2.3 | 1,767 | $482,901 | 54 | $273 | -$10,305 |
|
|
|
|
|
|
|
|
|
|
Dec-23 | 1,498 | 627 | 41.9% | 2.4 | 1,808 | $488,003 | 49 | $270 | -$9,550 |
Nov-23 | 1,486 | 579 | 39.0% | 2.6 | 1,771 | $487,159 | 42 | $275 | -$7,694 |
Oct-23 | 1,251 | 767 | 61.3% | 1.6 | 1,787 | $494,554 | 39 | $277 | -$5,415 |
Sep-23 | 1,108 | 820 | 74.0% | 1.4 | 1,773 | $489,864 | 42 | $276 | -$6,156 |
Aug-23 | 1,028 | 832 | 80.9% | 1.2 | 1,771 | $487,599 | 41 | $275 | -$6,251 |
Jul-23 | 963 | 857 | 89.0% | 1.1 | 1,807 | $490,051 | 45 | $271 | -$5,526 |
Jun-23 | 1,050 | 1,016 | 96.8% | 1.0 | 1,793 | $484,611 | 49 | $270 | -$5,055 |
May-23 | 1,033 | 1,162 | 112.5% | 0.9 | 1,801 | $484,513 | 56 | $269 | -$6,428 |
Apr-23 | 1,240 | 972 | 78.4% | 1.3 | 1,797 | $478,013 | 64 | $266 |
|
Mar-23 | 1,488 | 1,076 | 72.3% | 1.4 | 1,731 | $451,842 | 68 | $261 |
|
Feb-23 | 1,731 | 891 | 51.5% | 1.9 | 1,755 | $453,674 | 80 | $259 |
|
Jan-23 | 2,001 | 667 | 33.3% | 3.0 | 1,779 | $448,897 | 73 | $252 |
|
|
|
|
|
|
|
|
|
|
|
Dec-22 | 2,451 | 824 | 33.6% | 3.0 | 1,791 | $460,182 | 64 | $257 |
|
Nov-22 | 2,720 | 778 | 28.6% | 3.5 | 1,766 | $455,209 | 56 | $258 |
|
Oct-22 | 2,808 | 871 | 31.0% | 3.2 | 1,785 | $478,484 | 53 | $268 |
|
Sep-22 | 2,719 | 1,053 | 38.7% | 2.6 | 1,756 | $478,136 | 47 | $272 |
|
Aug-22 | 2,709 | 1,049 | 38.7% | 2.6 | 1,735 | $474,841 | 37 | $274 |
|
Jul-22 | 2,095 | 1,057 | 50.5% | 2.0 | 1,711 | $482,722 | 28 | $282 |
|
Jun-22 | 1,449 | 1,192 | 82.3% | 1.2 | 1,744 | $503,119 | 25 | $288 |
|
May-22 | 809 | 1,357 | 167.7% | 0.6 | 1,762 | $514,081 | 22 | $292 |
|
Apr-22 | 547 | 1,499 | 274.0% | 0.4 | 1,773 | $509,785 | 23 | $288 |
|
Mar-22 | 531 | 1,575 | 296.6% | 0.3 | 1,777 | $493,546 | 26 | $278 |
|
Feb-22 | 585 | 1,334 | 228.0% | 0.4 | 1,795 | $483,812 | 33 | $270 |
|
Jan-22 | 753 | 1,220 | 162.0% | 0.6 | 1,794 | $468,796 | 32 | $261 |
|
|
|
|
|
|
|
|
|
|
|
Dec-21 | 972 | 1,617 | 166.4% | 0.6 | 1,820 | $461,970 | 31 | $254 |
|
Nov-21 | 1,108 | 1,477 | 133.3% | 0.8 | 1,765 | $452,697 | 30 | $256 |
|
Oct-21 | 1,090 | 1,560 | 143.1% | 0.7 | 1,775 | $449,987 | 28 | $254 |
|
Sep-21 | 1,011 | 1,630 | 161.2% | 0.6 | 1,762 | $432,475 | 25 | $245 |
|
Aug-21 | 1,082 | 1,509 | 139.5% | 0.7 | 1,795 | $441,397 | 23 | $246 |
|
Jul-21 | 838 | 1,613 | 192.5% | 0.5 | 1,791 | $438,975 | 22 | $245 |
|
Jun-21 | 690 | 1,773 | 257.0% | 0.4 | 1,805 | $431,459 | 22 | $239 |
|
May-21 | 588 | 1,642 | 279.3% | 0.4 | 1,811 | $424,201 | 21 | $234 |
|
Apr-21 | 526 | 1,674 | 318.3% | 0.3 | 1,812 | $410,250 | 24 | $226 |
|
Mar-21 | 603 | 1,748 | 289.9% | 0.3 | 1,830 | $400,676 | 27 | $219 |
|
Feb-21 | 553 | 1,402 | 253.5% | 0.4 | 1,842 | $391,450 | 35 | $213 |
|
Jan-21 | 667 | 1,344 | 201.5% | 0.5 | 1,816 | $376,359 | 33 | $207 |
|
(Table may require a swipe left on mobile devices)
Table Explanation for Phoenix Housing Market Report
NOTE: we use the term “foreclosure” to describe bank owned homes and short sales because most people are familiar with it. “Distressed Properties” may be more accurate.
Total Active – # of homes for sale at the beginning of the current month
Total Sold – # of homes sold in the current month
% Sold – a ratio of total sold to total active
MO. INV. – based on total sold, how many months it would take to sell the total “active” inventory
Sq ft – average square footage of sold homes
Price – average sales price of sold homes
DOM – Days On Market, or average days to sale
$ sq ft – average price per square foot
+/- List Price – the average dollars received by sellers above or below their average list prices
Monthly Phoenix Housing Market Report by Realtors serving Phoenix, AZ
Kommentare