September 2014 Metro Phoenix Real Estate Report
Here is our synopsis of key numbers in the market:
- The median home price that sold in Phoenix in September was $193,250.
- Month-over-month the number of home sales in Phoenix continues to be less than the same months in 2013 and 2012.
- On average, homes in Phoenix went under contract in 57 days of being listed and contracts closed within 40 days of acceptance. Both of these increased by one day from August.
- Home prices remain flat with hardly any change in the average price per square foot in the last 8 months.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market |
| Chandler | 322 | $133.09 | $275,238 | $281,644 | 70 |
| 85224 | 47 | $127.62 | $210,904 | $217,202 | 67 |
| 85225 | 68 | $124.12 | $207,557 | $212,049 | 73 |
| 85226 | 42 | $140.13 | $249,948 | $257,033 | 55 |
| 85248 | 29 | $148.57 | $368,757 | $379,635 | 77 |
| 85249 | 68 | $134.10 | $326,906 | $332,352 | 77 |
| 85286 | 68 | $133.89 | $311,454 | $318,479 | 68 |
| Gilbert | 392 | $125.47 | $281,850 | $287,995 | 74 |
| 85233 | 53 | $125.92 | $247,633 | $252,181 | 54 |
| 85234 | 81 | $129.34 | $280,580 | $286,654 | 62 |
| 85295 | 63 | $122.68 | $286,644 | $291,526 | 63 |
| 85296 | 77 | $122.32 | $254,128 | $260,247 | 58 |
| 85297 | 65 | $123.43 | $276,311 | $282,075 | 82 |
| 85298 | 53 | $129.53 | $359,380 | $369,234 | 136 |
| Glendale | 299 | $107.01 | $202,140 | $206,321 | 57 |
| 85301 | 16 | $75.58 | $140,745 | $144,617 | 59 |
| 85302 | 41 | $92.82 | $158,945 | $161,396 | 58 |
| 85303 | 34 | $90.00 | $140,728 | $143,142 | 48 |
| 85304 | 39 | $101.14 | $207,549 | $211,895 | 62 |
| 85305 | 12 | $102.83 | $220,808 | $221,417 | 50 |
| 85306 | 29 | $102.65 | $161,029 | $162,907 | 57 |
| 85307 | 3 | $96.14 | $170,833 | $172,833 | 38 |
| 85308 | 100 | $122.92 | $240,861 | $247,136 | 57 |
| 85310 | 25 | $126.75 | $274,962 | $280,596 | 67 |
| Mesa | 484 | $141.80 | $257,578 | $227,895 | 68 |
| 85201 | 23 | $99.71 | $160,205 | $161,163 | 42 |
| 85202 | 21 | $113.73 | $201,388 | $203,710 | 93 |
| 85203 | 32 | $111.45 | $215,680 | $221,000 | 53 |
| 85204 | 44 | $108.25 | $160,048 | $162,123 | 39 |
| 85205 | 47 | $390.85 | $575,822 | $216,237 | 53 |
| 85206 | 36 | $110.63 | $185,965 | $191,383 | 80 |
| 85207 | 68 | $128.15 | $295,002 | $307,896 | 90 |
| 85208 | 36 | $109.93 | $166,298 | $168,867 | 41 |
| 85209 | 48 | $118.06 | $223,854 | $227,921 | 66 |
| 85210 | 25 | $107.70 | $191,350 | $195,998 | 64 |
| 85212 | 52 | $110.90 | $250,821 | $255,748 | 86 |
| 85213 | 28 | $119.44 | $288,816 | $297,978 | 95 |
| 85215 | 24 | $130.18 | $264,429 | $273,308 | 72 |
| Paradise Valley | 22 | $337.56 | $2,085,682 | $2,283,795 | 153 |
| 85253 | 22 | $337.56 | $2,085,682 | $2,283,795 | 153 |
| Phoenix | 1164 | $124.33 | $240,762 | $248,470 | 69 |
| 85003 | 2 | $240.78 | $357,500 | $360,000 | 51 |
| 85006 | 20 | $127.36 | $157,351 | $160,935 | 48 |
| 85007 | 15 | $159.92 | $257,300 | $268,205 | 74 |
| 85008 | 22 | $120.80 | $186,020 | $191,745 | 54 |
| 85009 | 19 | $77.73 | $100,984 | $101,311 | 46 |
| 85012 | 3 | $183.57 | $638,333 | $664,633 | 114 |
| 85013 | 20 | $170.32 | $321,403 | $330,322 | 70 |
| 85014 | 22 | $170.01 | $319,268 | $335,323 | 56 |
| 85015 | 26 | $106.55 | $164,044 | $167,180 | 41 |
| 85016 | 31 | $190.99 | $458,878 | $492,175 | 91 |
| 85017 | 16 | $77.25 | $109,069 | $110,606 | 65 |
| 85018 | 44 | $235.03 | $554,598 | $582,577 | 92 |
| 85019 | 19 | $69.71 | $105,583 | $109,258 | 55 |
| 85020 | 39 | $146.45 | $275,573 | $286,515 | 69 |
| 85021 | 24 | $138.27 | $341,398 | $357,846 | 55 |
| 85022 | 47 | $135.17 | $267,937 | $276,628 | 66 |
| 85023 | 28 | $118.41 | $214,884 | $223,379 | 65 |
| 85024 | 53 | $137.80 | $238,604 | $243,275 | 63 |
| 85027 | 29 | $107.32 | $169,429 | $170,024 | 56 |
| 85028 | 32 | $163.26 | $367,322 | $392,563 | 75 |
| 85029 | 42 | $93.80 | $144,083 | $146,413 | 78 |
| 85031 | 11 | $65.50 | $98,646 | $100,109 | 78 |
| 85032 | 51 | $132.11 | $228,128 | $234,035 | 75 |
| 85033 | 41 | $79.09 | $105,672 | $104,535 | 58 |
| 85035 | 28 | $76.95 | $105,619 | $106,763 | 78 |
| 85037 | 45 | $81.69 | $135,714 | $137,996 | 53 |
| 85040 | 16 | $73.82 | $93,035 | $95,154 | 66 |
| 85041 | 62 | $81.79 | $148,863 | $152,292 | 64 |
| 85042 | 36 | $97.13 | $181,320 | $185,019 | 71 |
| 85043 | 24 | $85.40 | $144,840 | $145,218 | 46 |
| 85044 | 46 | $143.77 | $253,614 | $258,522 | 56 |
| 85045 | 6 | $151.39 | $419,250 | $433,217 | 74 |
| 85048 | 49 | $151.19 | $366,241 | $374,908 | 83 |
| 85050 | 46 | $154.09 | $332,821 | $341,489 | 87 |
| 85051 | 40 | $89.59 | $141,313 | $143,837 | 70 |
| 85053 | 24 | $94.25 | $157,785 | $162,194 | 58 |
| 85054 | 5 | $205.05 | $462,650 | $483,160 | 63 |
| 85083 | 30 | $120.92 | $276,745 | $281,243 | 117 |
| 85085 | 27 | $133.83 | $325,625 | $336,064 | 49 |
| 85086 | 24 | $128.65 | $352,687 | $363,481 | 125 |
| Scottsdale | 353 | $208.20 | $599,346 | $632,625 | 103 |
| 85250 | 12 | $166.63 | $327,021 | $340,490 | 66 |
| 85251 | 22 | $186.36 | $434,288 | $457,691 | 85 |
| 85254 | 64 | $178.70 | $407,602 | $421,516 | 77 |
| 85255 | 51 | $282.61 | $1,117,011 | $1,207,504 | 119 |
| 85257 | 41 | $160.86 | $260,057 | $268,488 | 79 |
| 85258 | 30 | $216.44 | $579,157 | $601,887 | 98 |
| 85259 | 34 | $199.08 | $595,684 | $615,032 | 119 |
| 85260 | 50 | $195.40 | $451,541 | $469,277 | 104 |
| 85262 | 29 | $249.83 | $988,167 | $1,067,811 | 166 |
| 85266 | 20 | $233.65 | $775,620 | $809,790 | 116 |
| Tempe | 117 | $136.79 | $255,953 | $263,490 | 59 |
| 85281 | 20 | $140.35 | $189,685 | $197,828 | 54 |
| 85282 | 34 | $125.87 | $232,493 | $238,262 | 51 |
| 85283 | 43 | $136.65 | $260,498 | $266,495 | 54 |
| 85284 | 20 | $152.09 | $352,330 | $365,578 | 85 |
| Grand Total | 3153 | $137.76 | $301,892 | $307,384 | 72 |
*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.
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