Phoenix, AZ Foreclosures
How much do homes sell for in Phoenix, AZ?
The average home price is currently $513,848.
What’s the average rental cost in Phoenix, AZ?
The average rental price in Phoenix is $1,485.
What is the most expensive home in Phoenix?
The most expensive home sold in Phoenix had a price of $207,938,528.
What is currently the cheapest priced home in Phoenix, AZ?
The cheapest home for sale in Phoenix is priced at $12,529.
Living in Phoenix, AZ
Phoenix, AZ, is a thriving city known for its sunny weather and stunning desert landscapes, where residents can explore numerous parks and recreational activities. The city offers a vibrant cultural scene, diverse dining, and highly-rated schools, making it an ideal place for families and individuals alike. With a growing economy and excellent transportation options, Phoenix continues to attract new residents and businesses.
Current Market Conditions in Phoenix, AZ
The current real estate market in Phoenix is characterized by strong demand and growing prices, as more people move to the area seeking affordable housing and a high quality of life. Inventory levels have been low, which has fueled competition among buyers and contributed to rising home prices.
In recent months, there has been a notable uptick in new home construction, aimed at meeting the increasing demand. However, existing homes are still selling quickly, often above list price, indicating a robust market.
Overall, the Phoenix area remains an attractive investment location due to its steady population growth and development plans aimed at expanding amenities and infrastructure.
Home Value Estimator For Phoenix, AZ
There are currently 375,665 real estate properties
in Phoenix, AZ,
with a median automated valuation model (AVM) price
of $376,988.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Phoenix, AZ, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Phoenix, AZ,
is $513,848.00, with the most expensive house
in Phoenix, AZ, topping out
at $207,938,528.00 and the cheapest home
in Phoenix, AZ,
clocking in at $12,529.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Phoenix, AZ!
Rent Prices
In Phoenix, AZ
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Phoenix, AZ, is on
a rollercoaster ride. The
average rent price in Phoenix, AZ,
is $1,485.00. Indeed, when looking to rent in
Phoenix, AZ, you can expect to pay as little
as $460.00 or as much
as $5,780.00,
with the average rent median estimated to
be $1,370.00. The good news is that finding
an affordable and desirable property to rent in Phoenix, AZ
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
