What is the median home price in Phoenix?

The median listing price for a home in Phoenix is $475,000 right now. This means half the homes on the market are priced above this, and half are below it. The price hasn't changed much in the most recent month, holding steady at 0.0% growth. However, prices are a bit lower than they were a year ago, down by 4.8%. This suggests homes are currently listed for less than last year. There are more homes available for sale than there were a year ago, with active listings up 7.5%. We're also seeing slightly more new homes coming onto the market compared to last year, with a 3.6% increase. Homes are selling a bit faster now. The median time a home stays on the market is 62 days, which is almost 5% quicker than a year ago. A good number of homes (29.0%) have also lowered their asking price, which is slightly more than last year. If you're looking to buy, the current market shows stable prices compared to last month and more options than last year, with homes selling fairly quickly.

The median home price in Phoenix right now is $475,000. This number has not changed from the previous month. Looking back over the past year, the median price is 4.8% lower. This means homes are listed for less money compared to this time last year. There are more homes for sale now, with active listings up 7.5% over the past year to 18,437 homes. New listings have also increased by 3.6%, reaching 7,322 homes. The share of homes with price reductions is 29.0%, which is a 2.0% increase from the previous year. This suggests that nearly a third of homes on the market have had their prices lowered. If you are thinking about buying, this might be a good time to look as prices have come down a bit over the past year, and there are more homes to choose from.