What is the median home price in Phoenix?

{ "answer": "The median listing price for a home in the Phoenix-Mesa-Chandler area is $475,000. This is the middle price point for all homes currently on the market.',' This median price has seen a slight dip recently. It's down 1.4% from the previous month and 4.8% compared to this time last year. This means homes are listed for a bit less than they were a short while ago. There are 17,707 homes actively listed for sale right now, which is a 5.2% increase from this time last year. At the same time, new homes coming on the market have stayed fairly steady, with 6,104 new listings. Homes are spending about 67 days on the market before they get an offer. This is a bit faster than last year, as the time on market has decreased by 4.3%. A good number of sellers, 27.6% of them, have also reduced their asking price. For someone looking to buy a home, these numbers suggest there are more choices available, and prices have softened a bit. It could be a good time to explore your options as homes are also selling a bit quicker than they were a year ago." }

The median price for a home in Phoenix-Mesa-Chandler, AZ is $475,000 right now. This means half the homes are listed for more and half for less. However, this price has seen some changes recently.