Homes for Sale: Phoenix AZ

Typical national real estate web sites may only cover 20% of what is for sale in a particular location and many display homes already sold. Only a broker or agent affiliated site can give you the most up-to-date home listings.

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Facts and Figures about Homes for Sale in Phoenix, AZ

 
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Price Trends – Homes Sold vs. Homes Listed for

Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).

By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.

Chart Price Trends - Homes Sold vs. Homes Listed
Real Estate Market Inventory Trends for

Review the inventory and health of the market by looking at the number of sold and listed properties.

To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.

Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.

  • Sold: Properties sold that month
  • New: Listings that are new on the market
  • Distressed: Listings that are short sales, bank owned, or up for auction.
  • Standard: Non-distressed listings

Chart Additional Statistics for Single Family Homes and Condos in 98034
Additional Statistics for Single Family Homes and Condos for
Median Age
Married
Number of Homes
Homes with Children
Income by Household for

Review the distribution of household income levels in a community.

Income levels are listed along the left side of the chart, and the number of households are displayed along the bottom.

Chart Income by Household
Property Ownership for

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

Chart Property Ownership