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Foreclosure Homes in Phoenix, AZ 85020

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Phoenix, AZ Foreclosures

How much do homes sell for in Phoenix, AZ?
The average home price is currently $526,451.
In Phoenix, AZ, how many homes are available?
There are currently 169 active home listings available in Phoenix.
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 $214,426,816.
What is currently the cheapest priced home in Phoenix, AZ?
The cheapest home for sale in Phoenix is priced at $12,859.

Living in Phoenix, AZ

Phoenix, AZ is a bustling city known for its warm climate, rich cultural experiences, and diverse neighborhoods. From outdoor adventures to a vibrant arts scene, it has something for everyone. The city's growing economy, excellent educational institutions, and range of dining options make it an attractive area for real estate investment.

Current Market Conditions in Phoenix, AZ

The Phoenix real estate market has seen significant growth in recent years, driven by an influx of new residents and a strong job market. According to recent data, home prices have appreciated steadily, reflecting the area's desirability among buyers and investors alike. The demand for rental properties is also on the rise, making it an ideal time for investors to consider opportunities in this vibrant market.

In addition, Phoenix's population growth continues to soar as people are drawn to its affordability compared to other major cities, coupled with a strong local economy. The market is becoming increasingly competitive, with properties often selling above asking price due to the high demand.

Home Value Estimator For Phoenix, AZ

There are currently 375,699 real estate properties in Phoenix, AZ, with a median automated valuation model (AVM) price of $384,410.00. 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 $526,451.00, with the most expensive house in Phoenix, AZ, topping out at $214,426,816.00 and the cheapest home in Phoenix, AZ, clocking in at $12,859.00. 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.

Phoenix, AZ 85020 Foreclosures


Market Trend for Phoenix, AZ

Total Listings Available: 169

Market Values:

Home Prices from $12,859 to $214,426,816

Average Sales Price: $526,451

Rental Values:

Rental from $460 to $5,780

Average Rent Value: $1,485 / month

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