The Metro Phoenix real estate market is in limbo. Buyer demand is low and there has not been much new inventory to hit the market. While the number of sales are less than last year’s numbers, the market has shifted to more normal with traditional sales comprising a higher percentage of the transaction mix. Investment activity, short sales and foreclosures have declined significantly.
Median and Average sold prices for 9/22/14 to 9/28/14:
- The median sales price for single family homes that sold in Phoenix was $186,000 and the average was $232,625.
- The median sales price for single family homes that sold in Scottsdale was $427,000 and the average was $552,762.
- The median sales price for single family homes that sold in Paradise Valley was $1,285,000 and the average was $2,089,000.
The below graphs, tables and analysis provide a Metro Phoenix Real Estate Market Update for single family home sales in Phoenix, Scottsdale, Paradise Valley, Chandler, Gilbert, Glendale, Mesa and Tempe AZ during the week of 9/22/14 to 9/28/14. This data can give you insight into your home’s value or where you may want to concentrate your home search if you are looking to buy a home in Metro Phoenix. It helps you identify average home values, average price per square foot and how long, on average, homes are taking to sell by zip code in Metro Phoenix, AZ.
The table at the bottom of this post breaks down the single family home sales that occurred between 9/22/14 – 9/28/14 by zip code.
We hope that you find the data in these Phoenix real estate market updates helpful. Please contact us if you are looking to buy or sell a home in metro Phoenix. We would love to help! 602.620.6267
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Chandler, Gilbert, Glendale, Mesa, Paradise Valley, Phoenix, Scottsdale and Tempe, Arizona.
Joe Janus & James Plotnik, real estate agents and Realtors® specializing in the buying and selling of Distinctive Homes in Phoenix, Scottsdale and Paradise Valley, Arizona.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Chandler | 77 | $134.01 | $255,153 | $260,848 | 51 | 97.82% |
| 85224 | 13 | $136.79 | $213,419 | $214,115 | 48 | 99.67% |
| 85225 | 12 | $125.05 | $210,817 | $214,292 | 30 | 98.38% |
| 85226 | 16 | $137.32 | $238,483 | $245,550 | 44 | 97.12% |
| 85248 | 3 | $151.47 | $331,267 | $348,466 | 84 | 95.06% |
| 85249 | 17 | $131.40 | $264,908 | $272,514 | 61 | 97.21% |
| 85286 | 16 | $134.67 | $314,349 | $320,212 | 60 | 98.17% |
| Glendale | 61 | $108.97 | $215,920 | $222,867 | 53 | 96.88% |
| 85301 | 3 | $77.95 | $152,767 | $156,567 | 61 | 97.57% |
| 85302 | 8 | $86.25 | $148,100 | $164,125 | 66 | 90.24% |
| 85303 | 4 | $88.55 | $142,500 | $144,075 | 49 | 98.91% |
| 85304 | 9 | $96.18 | $198,211 | $202,789 | 55 | 97.74% |
| 85305 | 3 | $102.63 | $212,333 | $214,967 | 32 | 98.78% |
| 85306 | 4 | $97.32 | $144,975 | $143,575 | 17 | 100.98% |
| 85307 | 1 | $92.43 | $209,999 | $209,999 | 40 | 100.00% |
| 85308 | 22 | $127.47 | $270,364 | $279,309 | 59 | 96.80% |
| 85310 | 7 | $129.93 | $257,036 | $262,400 | 42 | 97.96% |
| Mesa | 101 | $111.64 | $200,487 | $205,603 | 79 | 97.51% |
| 85201 | 8 | $100.93 | $150,201 | $158,360 | 53 | 94.85% |
| 85202 | 3 | $123.08 | $190,033 | $195,933 | 150 | 96.99% |
| 85203 | 9 | $109.95 | $209,967 | $216,489 | 67 | 96.99% |
| 85204 | 10 | $116.98 | $160,690 | $162,170 | 35 | 99.09% |
| 85205 | 7 | $118.51 | $233,129 | $235,964 | 100 | 98.80% |
| 85206 | 11 | $102.04 | $165,091 | $166,591 | 86 | 99.10% |
| 85207 | 7 | $117.38 | $208,286 | $210,670 | 41 | 98.87% |
| 85208 | 7 | $101.52 | $182,521 | $186,657 | 52 | 97.78% |
| 85209 | 6 | $118.89 | $191,208 | $197,050 | 54 | 97.04% |
| 85210 | 11 | $112.24 | $199,255 | $204,945 | 71 | 97.22% |
| 85212 | 10 | $106.42 | $258,813 | $262,798 | 101 | 98.48% |
| 85213 | 8 | $111.84 | $236,775 | $243,743 | 135 | 97.14% |
| 85215 | 4 | $137.10 | $244,000 | $265,250 | 165 | 91.99% |
| Paradise Valley | 5 | $327.87 | $2,089,000 | $2,199,000 | 156 | 95.00% |
| 85253 | 5 | $327.87 | $2,089,000 | $2,199,000 | 156 | 95.00% |
| Phoenix | 275 | $125.19 | $232,625 | $238,727 | 64 | 97.44% |
| 85006 | 7 | $157.89 | $180,071 | $187,614 | 73 | 95.98% |
| 85007 | 5 | $113.08 | $172,400 | $183,760 | 117 | 93.82% |
| 85008 | 3 | $89.59 | $116,600 | $116,567 | 34 | 100.03% |
| 85009 | 4 | $71.72 | $77,500 | $79,100 | 44 | 97.98% |
| 85012 | 1 | $112.81 | $265,000 | $299,900 | 223 | 88.36% |
| 85013 | 5 | $188.99 | $439,060 | $443,986 | 73 | 98.89% |
| 85014 | 7 | $177.23 | $306,429 | $314,829 | 49 | 97.33% |
| 85015 | 2 | $96.51 | $157,450 | $162,400 | 57 | 96.95% |
| 85016 | 6 | $156.35 | $260,083 | $268,133 | 46 | 97.00% |
| 85017 | 6 | $67.98 | $84,400 | $82,950 | 52 | 101.75% |
| 85018 | 8 | $254.76 | $624,563 | $637,463 | 94 | 97.98% |
| 85019 | 4 | $79.50 | $118,250 | $121,500 | 61 | 97.33% |
| 85020 | 8 | $173.38 | $362,438 | $375,675 | 43 | 96.48% |
| 85021 | 8 | $136.66 | $315,038 | $329,050 | 50 | 95.74% |
| 85022 | 10 | $131.58 | $230,165 | $237,080 | 72 | 97.08% |
| 85023 | 5 | $136.95 | $270,140 | $273,820 | 64 | 98.66% |
| 85024 | 13 | $144.37 | $246,531 | $251,369 | 70 | 98.08% |
| 85027 | 7 | $108.42 | $165,071 | $166,486 | 40 | 99.15% |
| 85028 | 4 | $165.07 | $294,000 | $305,950 | 90 | 96.09% |
| 85029 | 7 | $96.47 | $122,843 | $121,857 | 31 | 100.81% |
| 85031 | 1 | $67.10 | $103,000 | $109,900 | 72 | 93.72% |
| 85032 | 16 | $124.91 | $190,831 | $196,487 | 65 | 97.12% |
| 85033 | 10 | $82.06 | $95,580 | $97,470 | 51 | 98.06% |
| 85035 | 10 | $78.26 | $104,743 | $106,785 | 55 | 98.09% |
| 85037 | 9 | $77.90 | $140,500 | $142,711 | 71 | 98.45% |
| 85040 | 2 | $103.86 | $111,750 | $112,500 | 103 | 99.33% |
| 85041 | 18 | $82.83 | $127,097 | $131,908 | 60 | 96.35% |
| 85042 | 7 | $98.66 | $143,214 | $145,914 | 30 | 98.15% |
| 85043 | 5 | $83.57 | $139,744 | $141,337 | 48 | 98.87% |
| 85044 | 13 | $148.54 | $262,146 | $269,885 | 52 | 97.13% |
| 85045 | 1 | $145.35 | $425,000 | $445,000 | 158 | 95.51% |
| 85048 | 18 | $157.13 | $369,544 | $377,211 | 80 | 97.97% |
| 85050 | 7 | $150.94 | $277,071 | $282,800 | 90 | 97.97% |
| 85051 | 10 | $89.54 | $157,600 | $160,030 | 47 | 98.48% |
| 85053 | 7 | $90.11 | $157,400 | $156,700 | 63 | 100.45% |
| 85054 | 2 | $230.16 | $430,000 | $442,450 | 34 | 97.19% |
| 85083 | 6 | $119.09 | $236,333 | $243,133 | 117 | 97.20% |
| 85085 | 7 | $138.62 | $383,643 | $404,700 | 38 | 94.80% |
| 85086 | 6 | $124.50 | $427,067 | $436,433 | 100 | 97.85% |
| Scottsdale | 65 | $221.40 | $552,762 | $516,380 | 106 | 107.05% |
| 85251 | 2 | $224.86 | $577,450 | $602,450 | 175 | 95.85% |
| 85254 | 10 | $177.12 | $342,150 | $354,070 | 69 | 96.63% |
| 85255 | 6 | $253.63 | $632,908 | $663,183 | 152 | 95.43% |
| 85257 | 8 | $156.52 | $264,238 | $266,975 | 76 | 98.97% |
| 85258 | 10 | $181.28 | $479,750 | $498,140 | 113 | 96.31% |
| 85259 | 7 | $204.04 | $601,543 | $620,429 | 84 | 96.96% |
| 85260 | 14 | $308.32 | $664,964 | $414,664 | 117 | 160.36% |
| 85262 | 6 | $229.23 | $858,333 | $910,333 | 103 | 94.29% |
| 85266 | 2 | $231.73 | $987,000 | $1,056,250 | 193 | 93.44% |
| Tempe | 31 | $130.90 | $222,475 | $226,294 | 43 | 98.31% |
| 85281 | 6 | $130.97 | $175,483 | $179,617 | 17 | 97.70% |
| 85282 | 12 | $127.46 | $216,244 | $219,377 | 48 | 98.57% |
| 85283 | 11 | $132.43 | $243,718 | $247,727 | 41 | 98.38% |
| 85284 | 2 | $142.92 | $284,000 | $289,950 | 95 | 97.95% |
| Grand Total | 615 | $134.57 | $276,927 | $279,140 | 68 | 99.21% |
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