How much is my Phoenix home worth?

Your Phoenix home is likely worth around $489,500, based on the typical listing price in your area. This price has seen a slight dip of 1.7% from last month and a 5.9% decrease over the past year. Right now, there are 18,728 homes on the market in Phoenix. This total number is a little lower than last year, down by 3.4%. Meanwhile, more new homes are being listed, with 6,868 new listings, which is up 6.6% compared to last year. Homes in Phoenix are staying on the market for about 64 days before they find a buyer. This is about the same as last year. Roughly 28.7% of homes have had their prices lowered, which is a smaller percentage than last year. The average price per square foot for a home in Phoenix is $269, which is 2.0% less than it was a year ago. The average listing price is higher at $818,462, but this has also gone down by 2.5% over the last year. Since prices have been falling recently, and more new homes are coming on the market, it's a good idea to research similar homes in your immediate neighborhood to price your home competitively if you are thinking of selling.

As of the latest data, the median listing price for a home in Phoenix-Mesa-Chandler, AZ is $489,500. This number tells you what the middle-ground price is for homes currently on the market. Looking at prices, homes are a bit less expensive than they were recently. The median listing price dropped 1.7% from the prior month and is 5.9% lower compared to this time last year. While there are fewer homes on the market than last year, more new homes are coming up for sale. Active listings are down 3.4% year-over-year, but new listings have increased by 6.6% over the past year. Homes are taking about 64 days to sell, which is on par with last year's pace. About 28.7% of homes have had a price reduction, which is slightly less than last year. For you, this means it's a good idea to research similar homes in your specific neighborhood to get the most accurate sense of your home's value in the current market.