What is the median home price in Phoenix?

The typical home in Phoenix is currently listed at $481,995. This price is a bit lower than last month and notably less than what homes were listed for a year ago. Expect to see homes around this price point. Compared to last month, the median listing price has dropped by 1.5%. Looking back a year ago, the price is down by 4.6%. This shows a consistent downward trend in how much homes are being listed for. Even with prices coming down, there aren't as many homes for sale as there used to be. The number of active listings is down 2.7% compared to last year. This means fewer choices for buyers right now. Homes are staying on the market for 67 days, which is a bit quicker than last year. Also, fewer sellers are lowering their prices compared to a year ago, with 28.1% of homes seeing a price reduction. If you're looking to buy, these numbers suggest you might find some opportunities with lower prices, but you'll still be choosing from a smaller selection of homes.

The median home price in Phoenix right now is $481,995. This price is a bit lower than last month and also lower than it was a year ago. We're seeing a dip, but not a drastic one. Comparing to last month, the median listing price went down by 1.5%. Looking back a full year, the median price is 4.6% lower. This shows a cooling trend in prices. There are 17,659 homes for sale, which is a slight decrease from last year. However, the number of new homes coming on the market is about the same as last year, with 5,854 new listings. Homes are also selling a little faster. The typical home stays on the market for 67 days, which is quicker than a year ago. Also, fewer sellers are lowering their prices compared to last year. If you're thinking about buying, this could mean you have a bit more room to negotiate prices compared to previous periods.