The Phoenix housing market is somewhat competitive. Homes in Phoenix receive 2 offers on average and sell in around 42 days. The median sale price of a home in Phoenix was $459K last month, up 12.1% since last year. The median sale price per square foot in Phoenix is $290, up 8.2% since last year.
In March 2024, Phoenix home prices were up 12.1% compared to last year, selling for a median price of $459K. On average, homes in Phoenix sell after 42 days on the market compared to 52 days last year. There were 1,548 homes sold in March this year, down from 1,720 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$459,495
+12.1% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Phoenix, AZ
$459,495
+12.1%
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 8% 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 45 days.
0
100
56
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 45 days.
Hot homes
can sell for around list price and go pending in around 20 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
Offer Not Accepted|
10 Weeks Ago
~$1M Offer
Sold for $1.25M
4bd | 3.5ba | ~3,500sqft
Under List Price
18%
Days on Market
274
Competing Offers
0
Down Payment
—
Vincent Shook
Phoenix Redfin Agent
Seller is stubborn and doesn't really want to sell the home. There is slim to no negotiations on this home and it appraised for 105k less than contracted price. Buyer and I knew this going in and were still willing to make it work by paring 70k over appraisal, but seller would come down 29k to make the deal work. …
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.