How much is my Phoenix home worth?

Right now, the median listing price for a home in the Phoenix area is $475,000. This number can give you a general idea of what homes like yours are listed for in the market. This median price has stayed the same in the most recent month but is down nearly 5% compared to this time last year. This suggests that while prices haven't changed much recently, they have softened a bit over the past year. Homes are staying on the market for about 62 days before going under contract. This is a bit quicker than last year, which could mean buyers are making decisions slightly faster now. There are more homes for sale compared to last year, with active listings up 7.5%. Also, nearly 30% of homes on the market have had their prices reduced, which is a slight increase from last year. For someone looking to sell their Phoenix home, it's important to price competitively given the current market trends, including the recent price reductions and more available homes.

Your home in Phoenix is likely around the median listing price of $475,000, but its exact value depends on many factors. Prices have stayed consistent recently, but are a bit lower than last year. Your individual property’s features will play a big role in its actual market value. The median listing price in the Phoenix-Mesa-Chandler area is $475,000. This number hasn't changed from the previous month. However, it is about 4.8% lower than it was at this time last year. There are currently 18,437 homes available for sale, which is 7.5% more than last year. New listings also increased by 3.6% over the past year, with 7,322 new homes hitting the market. More homes available means more choices for buyers. Homes in Phoenix are staying on the market for about 62 days before going under contract. This is a little faster than last year, when homes took longer to sell. Nearly three out of ten homes, or 29%, had a price reduction recently, which is slightly more than last year. To find your home's specific value, consider checking local listings for similar homes that have recently sold. The median price per square foot in the area is $264, which is 1.8% less than last year.