There are currently 3,741 Phoenix homes for sale, 2,551 in Scottsdale and 401 in Paradise Valley. The 3,741 homes for sale in Phoenix have been on the market an average of 83 days and the median list price is $299,900 while the weighted average price per square foot is $190.90.
Metro Phoenix area home sales activity during January 23rd to January 29th, 2017:
- Phoenix: The median sales price for 250 single family homes that sold in Phoenix was $214,700 and the average was $253,650. Average days on market was 69 and they sold for 97.65% of asking price. Weighted average price per square foot was $138.76.
- Scottsdale: The median sales price for 72 single family homes that sold in Scottsdale was $526,000 and the average was $675,811. Average days on market was 102.5 and they sold for 96.46% of asking price. Weighted average price per square foot was $239.84
- Paradise Valley: The median sales price for 5 single family homes that sold in Paradise Valley was $1,525,000 and the average was $1,966,000. Average days on market was 116 and they sold for 96.5% of asking price. Weighted average price per square foot was $465.24.
Here is a graph comparing the average price per square foot for the homes sold between January 23rd to January 29th, 2017 by zip code in Phoenix: (click the image to make it bigger)
The table below and analysis above provide a Metro Phoenix Real Estate Market Update for single family home sales in Paradise Valley, Phoenix, and Scottsdale, AZ during the week of January 23rd to January 29th, 2017.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market |
| Paradise Valley | 5 | $445.35 | $1,966,000 | $2,038,800 | 116 |
| 85253 | 5 | $445.35 | $1,966,000 | $2,038,800 | 116 |
| Phoenix | 250 | $136.46 | $253,650 | $260,875 | 69 |
| 85003 | 1 | $160.65 | $401,000 | $429,000 | 151 |
| 85006 | 5 | $151.42 | $197,400 | $201,180 | 38 |
| 85008 | 8 | $140.03 | $208,500 | $220,175 | 87 |
| 85009 | 5 | $89.44 | $111,100 | $114,460 | 24 |
| 85013 | 6 | $186.15 | $327,733 | $335,888 | 58 |
| 85014 | 3 | $159.93 | $229,967 | $239,967 | 36 |
| 85015 | 4 | $114.91 | $180,450 | $187,375 | 75 |
| 85016 | 6 | $171.84 | $531,333 | $571,900 | 147 |
| 85017 | 1 | $86.21 | $115,000 | $119,900 | 159 |
| 85018 | 5 | $250.97 | $699,500 | $715,960 | 60 |
| 85019 | 5 | $119.97 | $167,800 | $172,440 | 89 |
| 85020 | 2 | $146.10 | $170,150 | $173,400 | 6 |
| 85021 | 8 | $136.49 | $255,813 | $261,763 | 53 |
| 85022 | 12 | $148.81 | $241,042 | $246,283 | 117 |
| 85023 | 11 | $130.93 | $223,164 | $225,917 | 48 |
| 85024 | 10 | $142.15 | $328,050 | $335,330 | 74 |
| 85027 | 6 | $144.34 | $206,317 | $207,467 | 85 |
| 85028 | 4 | $166.80 | $486,500 | $528,500 | 23 |
| 85029 | 9 | $106.69 | $172,167 | $181,478 | 100 |
| 85031 | 3 | $87.98 | $138,000 | $140,000 | 70 |
| 85032 | 17 | $152.02 | $268,559 | $275,762 | 72 |
| 85033 | 18 | $100.41 | $151,939 | $153,433 | 40 |
| 85035 | 6 | $112.94 | $139,167 | $141,067 | 55 |
| 85037 | 12 | $98.07 | $195,242 | $196,717 | 38 |
| 85040 | 2 | $86.01 | $117,500 | $121,250 | 38 |
| 85041 | 7 | $114.92 | $204,843 | $209,821 | 78 |
| 85042 | 10 | $120.71 | $216,030 | $221,880 | 68 |
| 85043 | 5 | $106.17 | $143,280 | $148,980 | 34 |
| 85044 | 10 | $160.78 | $286,930 | $289,180 | 73 |
| 85045 | 2 | $136.68 | $410,000 | $421,250 | 100 |
| 85048 | 9 | $157.78 | $343,044 | $350,033 | 124 |
| 85050 | 7 | $196.74 | $335,570 | $341,913 | 89 |
| 85051 | 6 | $112.64 | $161,000 | $160,817 | 53 |
| 85053 | 9 | $117.89 | $169,061 | $177,217 | 35 |
| 85054 | 3 | $214.37 | $498,333 | $514,300 | 55 |
| 85083 | 4 | $120.30 | $304,625 | $308,475 | 74 |
| 85085 | 3 | $147.54 | $417,839 | $423,071 | 37 |
| 85086 | 6 | $145.11 | $336,202 | $351,633 | 119 |
| Scottsdale | 72 | $230.12 | $675,811 | $706,632 | 103 |
| 85250 | 1 | $178.50 | $269,000 | $284,900 | 161 |
| 85251 | 6 | $258.48 | $548,400 | $560,633 | 57 |
| 85254 | 14 | $205.24 | $479,593 | $491,279 | 121 |
| 85255 | 12 | $265.68 | $976,333 | $1,027,442 | 95 |
| 85257 | 7 | $188.16 | $312,414 | $332,383 | 67 |
| 85258 | 8 | $229.94 | $641,875 | $694,750 | 118 |
| 85259 | 7 | $218.60 | $775,485 | $803,873 | 75 |
| 85260 | 2 | $227.70 | $852,500 | $862,000 | 80 |
| 85262 | 9 | $235.04 | $838,600 | $877,756 | 166 |
| 85266 | 6 | $253.33 | $777,667 | $814,333 | 75 |
| Grand Total | 327 | $161.81 | $372,786 | $386,209 | 77 |
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).
**Only single family detached homes are referenced in the above data and analysis.
Joe Janus Real Estate at HomeSmart – Empowering you to have awesome home buying and selling experiences in Phoenix, Scottsdale and Paradise Valley, AZ | info@janusgroupaz.com | 602.620.6267
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