The Phoenix housing market is somewhat competitive. Homes in Phoenix receive 2 offers on average and sell in around 50 days. The median sale price of a home in Phoenix was $454K last month, up 13.6% since last year. The median sale price per square foot in Phoenix is $285, up 8.4% since last year.
In February 2024, Phoenix home prices were up 13.6% compared to last year, selling for a median price of $454K. On average, homes in Phoenix sell after 50 days on the market compared to 72 days last year. There were 1,250 homes sold in February this year, down from 1,376 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$454,495
+13.6% YoY | Feb 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2024
Growth
% YoY
Phoenix, AZ
$454,495
+13.6%
United States
To compare other locations to the Phoenix and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Phoenix's median sale price is 10% higher than the national average. Overall cost of living in Phoenix is 2% higher than the national average. Learn which home features in Phoenix add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Phoenix housing market?
Phoenix is somewhat competitive. Homes sell in 48 days.
0
100
54
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 22 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Phoenix
Explore recent offers and recently sold homes in Phoenix
Recent offers
Winning Offer|
11 Weeks Ago
~$1M Offer
5bd | 4ba | ~4,000sqft
Under List Price
5%
Days on Market
112
Competing Offers
1
Offer
All Cash
Kimberley Doering
Phoenix Redfin Agent
Offer Not Accepted|
9 Weeks Ago
~$375K Offer
Sold for $375K
3bd | 2ba | ~1,750sqft
Over List Price
1%
Days on Market
54
Competing Offers
5
Down Payment
—
Kristal Rosciano
Phoenix Redfin Agent
Offer 380K with 3% concessions, seller went with an offer of $380K no concessions.
Offer Not Accepted|
6 Weeks Ago
~$175K Offer
Sold for $175K
2bd | 1ba | ~1,000sqft
Under List Price
3%
Days on Market
8
Competing Offers
>1
Down Payment
<10%
Kyle Cannon
Phoenix Redfin Agent
Offer Not Accepted|
6 Weeks Ago
~$450K Offer
Sold for $475K
3bd | 2ba | ~1,500sqft
Under List Price
6%
Days on Market
22
Competing Offers
0
Down Payment
—
Patrick Russey
Phoenix Redfin Agent
Offer Not Accepted|
7 Weeks Ago
~$325K Offer
Sold for $325K
3bd | 2ba | ~1,000sqft
Under List Price
2%
Days on Market
30
Competing Offers
0
Down Payment
<10%
Kristal Rosciano
Phoenix Redfin Agent
LA sent over Counter offer of 329K with 3% concessions and my client changed their mind and decided not to accept. …
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
10/10
Desert Mountain Middle School
Public • PreK-8 • Choice school
635
Students
10 reviews
10/10
Wildfire Elementary School
Public • PreK-6 • Choice school
639
Students
15 reviews
10/10
Fireside Elementary School
Public • PreK-6 • Choice school
824
Students
30 reviews
10/10
Kyrene Monte Vista
Public • PreK-5 • Choice school
675
Students
10 reviews
10/10
Sierra Verde Elementary School
Public • PreK-8 • Choice school
1032
Students
23 reviews
Only showing 5 of
100+ elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Phoenix housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Phoenix.
Risk Factor
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Phoenix has a minor risk of flooding. 8,374 properties in Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Phoenix. Flood risk is increasing slower than the national average.
54% of properties are at risk of wildfire over the next 30 years
Fire Factor
Phoenix has a severe risk of wildfire. There are 273,782 properties in Phoenix that have some risk of being affected by wildfire over the next 30 years. This represents 54% of all properties in Phoenix.