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Phoenix

Why you'd want to live in Phoenix

Phoenix, Arizona, the state capital, is a sprawling metropolis that offers something for everyone. From world-class golf courses and luxury resorts to vibrant arts districts and authentic Southwestern cuisine, Phoenix is a city of contrasts and opportunities. Its desert landscape provides stunning views and endless hiking options, especially in places like Camelback Mountain and South Mountain Park. The city’s economy is diverse, with strong sectors in healthcare, tech, and finance, making it attractive for professionals. Despite its size, Phoenix maintains a laid-back, sun-soaked lifestyle that draws people from across the country.

Phoenix Market Report

$710,588

AVERAGE PRICE OF 6,085 HOMES

$323,970

AVERAGE PRICE OF 64 DISTRESSED HOMES

$2,166,683

AVERAGE PRICE OF 900 MULTI-MILLION DOLLAR HOMES

$1,296,949

AVERAGE PRICE OF 360 NEWLY BUILT HOMES

$1,201,328

AVERAGE PRICE OF 1,338 HOMES WITH A POOL

$715,757

AVERAGE PRICE OF 452 REDUCED PRICE HOMES

Average Home

Average Price $710,588
Avg Bedrooms 2.9 beds
Avg Bathrooms 2.21 baths

Average Price by Bedrooms

1 bedroom $333,797
2 bedrooms $363,150
3 bedrooms $582,002
4 bedrooms $619,894
5 bedrooms $1,057,695
Phoenix Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 5,847 5,168 5,259 5,797 5,855
Average Price $708,159 $697,954 $689,618 $688,366 $686,392
Avg Price Change +1.46% +1.21% +0.18% +0.29% +1.84%
Median Price $460,977 $453,333 $450,045 $452,415 $462,141
Med Price Change +1.69% +0.73% -0.53% -2.15% +0.60%
Avg Bedrooms 2.9 beds 2.81 beds 2.73 beds 2.76 beds 2.57 beds
Avg Bathrooms 2.05 baths 1.96 baths 1.93 baths 1.96 baths 1.81 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Camelback High School 592 $871,068 83 days
Other 4 $644,500 88 days
Total Homes Average Price Avg Days on Site
All Homes 6,085 $710,588 85 days
Distressed Homes 64 $323,970 109 days
Multi-Million Dollar Homes 900 $2,166,683 111 days
Newly Built Homes 360 $1,296,949 112 days
Homes with a Pool 1,338 $1,201,328 73 days
Reduced Price Homes 452 $715,757 109 days
Engel & Völkers Gilbert
Christian Lemmer
1849 E Williams Field Road, #107
Gilbert, AZ 85295
520-499-7240
Arizona Broker License # BR676150000

© 2026 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 Christian Lemmer - Engel & Volkers 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. March 7, 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Christian Lemmer - Engel & Volkers are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.
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