Phoenix, AZ Foreclosures
How much do homes sell for in Phoenix, AZ?
The average home price is currently $518,725.
In Phoenix, AZ, how many homes are available?
There are currently 8,399 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 $214,293,328.
What is currently the cheapest priced home in Phoenix, AZ?
The cheapest home for sale in Phoenix is priced at $14,721.
Living in Phoenix, AZ
Phoenix, AZ is a thriving city with a hot desert climate, perfect for lovers of outdoor activities and urban amenities. Known for its diverse culture and strong economy, Phoenix offers a wealth of recreational activities and a vibrant nightlife. This city is an ideal location for both families and young professionals alike, providing a balanced lifestyle.
Current Market Conditions in Phoenix, AZ
The Phoenix real estate market continues to show strength with a steady increase in home values. As more people move to the area seeking warmer climates and job opportunities, demand for housing is expected to rise. Despite the challenges of rising interest rates, the market holds resilience, supported by a strong job market and economic growth.
New developments are cropping up across Phoenix, catering to the growing population. Urban neighborhoods are witnessing revitalization, with an influx of new restaurants, shops, and entertainment options. This has propelled the market into a favorable position for sellers, while buyers still find options available at various price points.
Home Value Estimator For Phoenix, AZ
There are currently 375,671 real estate properties
in Phoenix, AZ,
with a median automated valuation model (AVM) price
of $378,767.00. 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 $518,725.00, with the most expensive house
in Phoenix, AZ, topping out
at $214,293,328.00 and the cheapest home
in Phoenix, AZ,
clocking in at $14,721.00. 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
