January 2015 Metro Phoenix Real Estate Report
Here is our synopsis of key numbers in the market:
- The median home price that sold in Phoenix in January was $188,750. This is down from $204,450 in December.
- The number of sales in January 2015 was only 44 less than the sales in January 2014, but 320 less than December 2014.
- On average, homes in Phoenix went under contract in 66 days of being listed and contracts closed within 39 days of acceptance.
- The average price per square foot in Phoenix was $2.10 less in January 2015 than it was the month prior.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Avondale | 64 | $89.61 | $172,715 | $175,988 | 81 | 98.14% |
| 85323 | 24 | $84.30 | $155,870 | $157,748 | 83 | 98.81% |
| 85392 | 40 | $92.80 | $182,823 | $186,933 | 80 | 97.80% |
| Chandler | 214 | $131.50 | $288,545 | $295,948 | 87 | 97.50% |
| 85224 | 36 | $127.72 | $210,460 | $215,803 | 77 | 97.52% |
| 85225 | 47 | $122.81 | $217,590 | $221,760 | 73 | 98.12% |
| 85226 | 28 | $134.71 | $271,244 | $279,764 | 108 | 96.95% |
| 85248 | 21 | $151.86 | $393,311 | $403,088 | 95 | 97.57% |
| 85249 | 52 | $128.78 | $358,101 | $367,956 | 91 | 97.32% |
| 85286 | 30 | $137.14 | $315,660 | $323,646 | 92 | 97.53% |
| Gilbert | 253 | $125.87 | $292,857 | $302,835 | 87 | 96.71% |
| 85233 | 43 | $125.70 | $262,851 | $269,610 | 75 | 97.49% |
| 85234 | 39 | $124.88 | $305,562 | $315,351 | 89 | 96.90% |
| 85295 | 42 | $118.93 | $236,213 | $240,267 | 66 | 98.31% |
| 85296 | 37 | $121.46 | $261,383 | $269,381 | 95 | 97.03% |
| 85297 | 41 | $120.04 | $306,200 | $324,146 | 82 | 94.46% |
| 85298 | 51 | $140.39 | $367,198 | $379,941 | 111 | 96.65% |
| Glendale | 179 | $106.24 | $203,796 | $210,438 | 75 | 96.84% |
| 85301 | 18 | $72.79 | $120,539 | $125,030 | 72 | 96.41% |
| 85302 | 24 | $97.24 | $166,492 | $170,594 | 58 | 97.60% |
| 85303 | 21 | $87.35 | $150,239 | $153,932 | 75 | 97.60% |
| 85304 | 22 | $94.75 | $179,582 | $185,796 | 87 | 96.66% |
| 85305 | 7 | $103.16 | $197,700 | $198,821 | 75 | 99.44% |
| 85306 | 11 | $99.81 | $224,770 | $239,494 | 101 | 93.85% |
| 85307 | 3 | $73.40 | $140,167 | $142,633 | 73 | 98.27% |
| 85308 | 57 | $128.83 | $260,356 | $269,458 | 76 | 96.62% |
| 85310 | 16 | $129.47 | $255,689 | $261,894 | 62 | 97.63% |
| Goodyear | 93 | $109.15 | $256,963 | $262,679 | 114 | 97.82% |
| 85338 | 62 | $99.42 | $218,758 | $223,506 | 110 | 97.88% |
| 85395 | 31 | $128.59 | $333,374 | $341,024 | 123 | 97.76% |
| Mesa | 358 | $119.08 | $231,490 | $238,678 | 78 | 96.99% |
| 85201 | 14 | $108.99 | $179,064 | $184,886 | 78 | 96.85% |
| 85202 | 13 | $111.79 | $197,882 | $201,838 | 113 | 98.04% |
| 85203 | 25 | $114.68 | $199,576 | $205,040 | 58 | 97.34% |
| 85204 | 38 | $111.95 | $192,775 | $196,632 | 62 | 98.04% |
| 85205 | 39 | $108.81 | $194,966 | $198,502 | 76 | 98.22% |
| 85206 | 34 | $119.36 | $197,253 | $201,368 | 84 | 97.96% |
| 85207 | 46 | $142.45 | $333,882 | $350,088 | 73 | 95.37% |
| 85208 | 29 | $101.97 | $169,418 | $174,085 | 68 | 97.32% |
| 85209 | 41 | $122.24 | $213,531 | $217,992 | 73 | 97.95% |
| 85210 | 15 | $121.85 | $182,371 | $188,760 | 71 | 96.62% |
| 85212 | 29 | $115.96 | $258,627 | $264,736 | 96 | 97.69% |
| 85213 | 17 | $122.77 | $335,038 | $345,671 | 96 | 96.92% |
| 85215 | 18 | $135.04 | $345,056 | $365,161 | 111 | 94.49% |
| Paradise Valley | 18 | $418.87 | $1,925,272 | $2,106,856 | 142 | 91.38% |
| 85253 | 18 | $418.87 | $1,925,272 | $2,106,856 | 142 | 91.38% |
| Phoenix | 862 | $124.09 | $236,336 | $243,946 | 79 | 96.88% |
| 85003 | 8 | $188.19 | $333,875 | $342,600 | 101 | 97.45% |
| 85006 | 12 | $129.58 | $164,783 | $168,325 | 70 | 97.90% |
| 85007 | 11 | $130.73 | $194,500 | $205,650 | 76 | 94.58% |
| 85008 | 15 | $99.68 | $117,752 | $120,640 | 45 | 97.61% |
| 85009 | 14 | $68.99 | $76,244 | $79,421 | 78 | 96.00% |
| 85012 | 2 | $131.23 | $382,750 | $399,500 | 108 | 95.81% |
| 85013 | 14 | $179.84 | $230,786 | $234,963 | 50 | 98.22% |
| 85014 | 12 | $163.88 | $205,690 | $208,892 | 56 | 98.47% |
| 85015 | 20 | $111.63 | $172,061 | $181,345 | 79 | 94.88% |
| 85016 | 15 | $173.22 | $330,960 | $340,027 | 77 | 97.33% |
| 85017 | 18 | $75.09 | $105,511 | $108,572 | 89 | 97.18% |
| 85018 | 46 | $237.21 | $552,745 | $575,352 | 94 | 96.07% |
| 85019 | 15 | $75.47 | $107,120 | $111,643 | 85 | 95.95% |
| 85020 | 19 | $149.45 | $321,632 | $333,655 | 88 | 96.40% |
| 85021 | 21 | $133.94 | $270,119 | $277,767 | 63 | 97.25% |
| 85022 | 29 | $134.04 | $260,577 | $265,107 | 114 | 98.29% |
| 85023 | 30 | $116.15 | $236,562 | $247,440 | 98 | 95.60% |
| 85024 | 29 | $137.45 | $258,633 | $263,528 | 76 | 98.14% |
| 85027 | 22 | $110.08 | $163,675 | $165,805 | 98 | 98.72% |
| 85028 | 26 | $161.57 | $361,783 | $374,446 | 105 | 96.62% |
| 85029 | 27 | $104.65 | $156,004 | $160,219 | 73 | 97.37% |
| 85031 | 14 | $59.48 | $79,850 | $82,479 | 45 | 96.81% |
| 85032 | 55 | $134.68 | $251,273 | $259,850 | 86 | 96.70% |
| 85033 | 34 | $78.19 | $107,579 | $108,792 | 50 | 98.88% |
| 85035 | 17 | $83.84 | $108,471 | $109,124 | 41 | 99.40% |
| 85037 | 29 | $81.46 | $133,737 | $137,047 | 61 | 97.59% |
| 85040 | 19 | $76.02 | $103,989 | $107,189 | 42 | 97.01% |
| 85041 | 49 | $82.34 | $150,460 | $152,545 | 62 | 98.63% |
| 85042 | 24 | $92.79 | $175,147 | $180,116 | 67 | 97.24% |
| 85043 | 21 | $82.01 | $149,762 | $154,333 | 75 | 97.04% |
| 85044 | 24 | $148.53 | $319,246 | $326,688 | 100 | 97.72% |
| 85045 | 8 | $162.03 | $412,713 | $434,638 | 97 | 94.96% |
| 85048 | 32 | $149.14 | $317,366 | $328,806 | 90 | 96.52% |
| 85050 | 28 | $161.25 | $318,602 | $327,602 | 96 | 97.25% |
| 85051 | 20 | $87.41 | $134,066 | $142,195 | 79 | 94.28% |
| 85053 | 22 | $104.79 | $164,439 | $169,347 | 66 | 97.10% |
| 85054 | 3 | $205.36 | $636,667 | $696,333 | 103 | 91.43% |
| 85083 | 22 | $131.10 | $351,951 | $360,582 | 98 | 97.61% |
| 85085 | 14 | $134.10 | $368,921 | $388,321 | 96 | 95.00% |
| 85086 | 21 | $132.84 | $318,507 | $328,814 | 92 | 96.87% |
| 85087 | 1 | $90.38 | $280,000 | $288,999 | 181 | 96.89% |
| Scottsdale | 301 | $208.34 | $613,433 | $645,991 | 119 | 94.96% |
| 85250 | 8 | $198.78 | $440,313 | $472,225 | 77 | 93.24% |
| 85251 | 20 | $177.02 | $323,801 | $341,245 | 68 | 94.89% |
| 85254 | 46 | $180.77 | $486,883 | $506,379 | 122 | 96.15% |
| 85255 | 54 | $230.88 | $708,240 | $747,569 | 141 | 94.74% |
| 85257 | 28 | $151.61 | $246,089 | $256,884 | 88 | 95.80% |
| 85258 | 28 | $207.88 | $683,375 | $747,321 | 166 | 91.44% |
| 85259 | 32 | $196.83 | $667,065 | $701,062 | 95 | 95.15% |
| 85260 | 31 | $201.47 | $485,848 | $504,139 | 87 | 96.37% |
| 85262 | 31 | $293.81 | $1,237,223 | $1,301,116 | 186 | 95.09% |
| 85266 | 23 | $220.75 | $574,648 | $594,083 | 94 | 96.73% |
| Tempe | 96 | $136.96 | $268,575 | $275,457 | 69 | 97.50% |
| 85281 | 15 | $138.60 | $217,967 | $223,100 | 67 | 97.70% |
| 85282 | 35 | $127.31 | $220,954 | $228,620 | 56 | 96.65% |
| 85283 | 29 | $130.17 | $250,856 | $254,700 | 83 | 98.49% |
| 85284 | 17 | $166.97 | $441,497 | $453,491 | 74 | 97.36% |
| Grand Total | 2438 | $134.49 | $303,096 | $314,951 | 87 | 96.24% |
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Metro Phoenix, Arizona.
Joe Janus & James Plotnik, real estate agents and Realtors® specializing in the buying and selling of Distinctive Arizona Homes in Metro Phoenix, Scottsdale and Paradise Valley, Arizona.
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