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Foreclosure Homes in Phoenix, AZ 85027

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Phoenix, AZ Foreclosures

Current Market Conditions in in Phoenix, AZ As of February 2026?
In the past month, the Phoenix real estate market has continued its upward trajectory, with increased home prices and lower inventory levels. Average home prices have risen roughly 2.5% compared to the previous month. The competition remains high, with properties frequently receiving multiple offers, leading to a seller’s market situation. Additionally, homes are selling faster, with many properties being on the market for less than 30 days before being sold.
How much do homes sell for in Phoenix, AZ?
The average home price is currently $609,307.
In Phoenix, AZ, how many homes are available?
There are currently 152 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 $232,124,824.
What is currently the cheapest priced home in Phoenix, AZ?
The cheapest home for sale in Phoenix is priced at $10,041.

Living in Phoenix, AZ

Phoenix, AZ is a bustling urban center with a unique desert charm and a thriving economy. Its warm climate attracts outdoor enthusiasts, while the city offers various modern amenities and services. Residents can experience vibrant cultural activities and a growing number of educational institutions.

Buyer vs Seller Market in Phoenix, AZ

The real estate market in Phoenix has experienced a surge in demand over the past year, driven by an influx of new residents looking for affordable housing options compared to other major cities. The market is characterized by increasing prices and a dwindling inventory, making it a competitive landscape for both buyers and renters.

Despite the challenges, trends indicate a sustainable growth pattern, with developers actively seeking new projects to address the housing supply issue. Additionally, planned infrastructure improvements and commercial developments are expected to enhance property values in the coming years.

Home Value Estimator For Phoenix, AZ

There are currently 406,625 real estate properties in Phoenix, AZ, with a median automated valuation model (AVM) price of $385,973.00. 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 $609,307.00, with the most expensive house in Phoenix, AZ, topping out at $232,124,824.00 and the cheapest home in Phoenix, AZ, clocking in at $10,041.00. 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 85027 Foreclosures

Market Trend for Phoenix, AZ

Total Listings Available: 152

Market Values:

Home Prices from $10,041 to $232,124,824

Average Sales Price: $609,307

Rental Values:

Rental from $460 to $5,780

Average Rent Value: $1,485 / month

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