The Downtown Phoenix housing market is somewhat competitive. The median sale price of a home in Downtown Phoenix was $575K last month, up 44.7% since last year. The median sale price per square foot in Downtown Phoenix is $444, down 6.4% since last year.
What is the housing market like in Downtown Phoenix today?
In March 2024, Downtown Phoenix home prices were up 44.7% compared to last year, selling for a median price of $575K. On average, homes in Downtown Phoenix sell after 84 days on the market compared to 36 days last year. There were 17 homes sold in March this year, up from 14 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$575,000
+44.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Phoenix, AZ
$575,000
+44.7%
United States
To compare other locations to the Downtown Phoenix and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. 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 Downtown Phoenix housing market?
Downtown Phoenix is somewhat competitive. Homes sell in 68 days.
0
100
32
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 6 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 68 days.
Hot homes
can sell for about 1% below list price and go pending in around 40 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
4/10
Kenilworth Elementary School
Public • PreK-8 • Choice school
542
Students
11 reviews
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 Downtown Phoenix housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Phoenix.
Risk Factor
Flood Factor - Minor
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Phoenix has a minor risk of flooding. 0 properties in Downtown Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Downtown Phoenix. Flood risk is increasing slower than the national average.
1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Phoenix has a moderate risk of wildfire. There are 30 properties in Downtown Phoenix that have some risk of being affected by wildfire over the next 30 years. This represents 1% of all properties in Downtown Phoenix.
Downtown Phoenix has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Phoenix has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Downtown Phoenix has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Downtown Phoenix have an Extreme Heat Factor®.
Downtown Phoenix is expected to see a 157% increase in the number of days over 112ºF over the next 30 years. Downtown Phoenix is expected to experience 7