Here is a rundown of the key stats in the Phoenix real estate market for September 2015 (we only look at single family home sales):
- There is 3 months of inventory in Phoenix as a whole. However, the million dollar plus club is currently running with 19.88 months of inventory.
- The median home price that sold in Phoenix in September was $214,000; up from $213,000 in August.
- A total of 1,345 home sales occurred in Phoenix in September. This is up 20 from last month.
- Our average days on market has decreased to 55.13.
- A random observation is that the 85003 zip code which contains Willo Historic District had the highest average price per square foot at $266.57/ft. This was more than the popular Arcadia zip code of 85018.
The table below outlines the key sales figures in the Phoenix Real Estate Market in September of 2015 by zip code.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg of List Price | Avg Days on Market |
| Paradise Valley | 27 | $325.45 | $1,315,320 | $1,403,626 | 147.96 |
| 85253 | 27 | $325.45 | $1,315,320 | $1,403,626 | 147.96 |
| Phoenix | 1345 | $135.68 | $261,544 | $268,098 | 55.13 |
| 85003 | 5 | $266.57 | $451,000 | $462,600 | 46.00 |
| 85004 | 1 | $83.08 | $85,000 | $108,800 | 22.00 |
| 85006 | 22 | $164.20 | $220,011 | $228,264 | 58.50 |
| 85007 | 13 | $143.60 | $233,846 | $240,245 | 96.46 |
| 85008 | 24 | $125.33 | $184,310 | $185,963 | 48.04 |
| 85009 | 20 | $79.38 | $109,233 | $112,589 | 51.85 |
| 85012 | 4 | $195.23 | $397,906 | $424,500 | 125.00 |
| 85013 | 16 | $177.63 | $353,263 | $361,161 | 73.94 |
| 85014 | 16 | $183.72 | $267,359 | $273,837 | 60.13 |
| 85015 | 25 | $128.76 | $176,592 | $182,764 | 50.92 |
| 85016 | 35 | $204.84 | $414,571 | $435,979 | 53.46 |
| 85017 | 21 | $90.60 | $117,105 | $118,171 | 39.14 |
| 85018 | 59 | $258.44 | $677,867 | $713,729 | 99.24 |
| 85019 | 23 | $90.27 | $137,483 | $135,455 | 26.09 |
| 85020 | 35 | $152.05 | $295,562 | $304,714 | 51.74 |
| 85021 | 25 | $149.80 | $348,510 | $358,426 | 78.04 |
| 85022 | 52 | $142.06 | $284,835 | $291,246 | 56.04 |
| 85023 | 47 | $125.94 | $246,482 | $255,649 | 40.85 |
| 85024 | 49 | $144.49 | $251,322 | $253,723 | 47.90 |
| 85027 | 34 | $129.21 | $202,210 | $203,874 | 38.26 |
| 85028 | 28 | $164.72 | $345,255 | $353,774 | 82.64 |
| 85029 | 50 | $106.51 | $169,578 | $172,093 | 41.66 |
| 85031 | 17 | $79.46 | $122,863 | $124,106 | 20.82 |
| 85032 | 84 | $144.22 | $258,215 | $263,417 | 48.36 |
| 85033 | 33 | $94.11 | $133,330 | $134,217 | 29.15 |
| 85034 | 1 | $55.04 | $50,750 | $54,900 | 171.00 |
| 85035 | 33 | $92.83 | $115,057 | $113,682 | 40.21 |
| 85037 | 49 | $89.71 | $152,490 | $156,544 | 44.04 |
| 85040 | 26 | $92.97 | $144,596 | $145,158 | 43.46 |
| 85041 | 74 | $97.08 | $167,930 | $167,697 | 57.38 |
| 85042 | 36 | $116.84 | $210,265 | $213,139 | 47.08 |
| 85043 | 37 | $96.02 | $153,797 | $153,885 | 33.51 |
| 85044 | 52 | $150.61 | $260,163 | $265,419 | 44.29 |
| 85045 | 14 | $143.49 | $400,401 | $407,863 | 88.36 |
| 85048 | 43 | $155.47 | $371,492 | $380,623 | 79.42 |
| 85050 | 47 | $170.30 | $351,491 | $359,204 | 60.96 |
| 85051 | 38 | $104.75 | $157,176 | $160,992 | 44.68 |
| 85053 | 33 | $111.87 | $175,162 | $177,093 | 40.85 |
| 85054 | 6 | $195.21 | $455,750 | $464,290 | 57.50 |
| 85083 | 34 | $132.13 | $328,091 | $335,794 | 53.74 |
| 85085 | 45 | $135.63 | $365,328 | $373,677 | 64.29 |
| 85086 | 39 | $144.28 | $344,666 | $354,400 | 107.41 |
| Scottsdale | 399 | $209.11 | $570,274 | $592,118 | 92.72 |
| 85250 | 11 | $186.19 | $378,991 | $389,791 | 56.73 |
| 85251 | 27 | $211.13 | $424,947 | $436,600 | 59.63 |
| 85254 | 83 | $182.91 | $426,572 | $438,101 | 92.89 |
| 85255 | 90 | $232.58 | $696,739 | $723,047 | 95.04 |
| 85257 | 38 | $178.98 | $283,149 | $289,482 | 52.87 |
| 85258 | 24 | $218.12 | $563,500 | $585,029 | 77.25 |
| 85259 | 33 | $199.75 | $565,867 | $586,145 | 82.03 |
| 85260 | 41 | $200.23 | $485,938 | $499,492 | 86.05 |
| 85262 | 33 | $243.29 | $986,983 | $1,046,815 | 171.33 |
| 85266 | 19 | $247.80 | $964,925 | $1,017,622 | 144.58 |
| Grand Total | 1771 | $155.12 | $347,165 | $358,411 | 65.02 |
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Metro Phoenix, Arizona. The narrative synopsis above is speaking only to single family detached homes within the city of 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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