Real Estate Market Update for Phoenix, AZ
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 3% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 2%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold decreased 14% year-over-year, and increased 20% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Phoenix, AZ

Area Information for Phoenix, AZ
  • Population: 1,596,463
  • Median Age: 34.66 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 3,085/sq mi
  • Population Change Since 2000: 20.34%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Phoenix Inst Herbal Medicine-acupuncture
  • Closest Jr. College: Carrington College-phoenix-westside
  • Median Household Income: $51,132
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $280,000
  • Closest Major Sports Team: Phoenix Mercury
  • Change Avg. Household Income Since 2000: 28.64%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Phoenix, AZ
Median Age: 34.66 Married: 32% Number of Households: 573,267 Households with Children: 180,886
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Phoenix, AZ

      School Name Distance Type Grades School Rating Parent Rating
      Thunderbird High School 1.0 mi Public 9-12 4 0
      Moon Valley High School 1.7 mi Public 9-12 3 0
      Arizona Conservatory For Arts And Academics 1.9 mi Public 6-12 4 0
      Greenway High School 2.1 mi Public 9-12 4 0
      Mountain Sky Middle School 2.3 mi Public 7-8 3 0
      Northwest Christian School 2.7 mi Private PRESCHOOL-12 0 0
      Imagine Elementary At Bell Canyon 2.9 mi Public PRESCHOOL-8 3 0
      North Pointe Preparatory 3.1 mi Public 7-12 2 0
      Cortez High School 3.1 mi Public 9-12 2 0
      Sunnyslope High School 3.6 mi Public 9-12 4 0
      Intelli-school - Paradise Valley 4.1 mi Public 9-12 3 0
      Great Hearts Academies - North Phoenix Prep 4.4 mi Public K-10 4 0
      Basis Phoenix 4.4 mi Public 6-12 5 0
      Barry Goldwater High School 4.7 mi Public 9-12 2 0
      Cornerstone Charter School 4.7 mi Public 9-12 0 0
      Valley Academy - Reid Traditional Schools 4.7 mi Public PRESCHOOL-8 5 0
      Paradise Valley Christian Prep 4.8 mi Private PRESCHOOL-12 0 0
      Washington High School 4.9 mi Public 9-12 3 0
      North Canyon High School 4.9 mi Public 9-12 1 0
      Career Success High School - North Phoenix 5.1 mi Public 9-12 1 0
      Kaizen - Maya High School 5.1 mi Public 9-12 0 0
      Crestview College Preparatory High School 5.1 mi Public 7-12 1 0
      Maryland Elementary School 5.3 mi Public PRESCHOOL-8 1 0
      Ss Simon & Jude School 5.5 mi Catholic PRESCHOOL-8 0 0
      Shadow Mountain High School 5.7 mi Public 9-12 2 0
      Adams Traditional Academy 6.0 mi Public K-8 5 0
      Torah High School Of Arizona 6.0 mi Private 9-12 0 0
      New World Educational Center 6.6 mi Public K-8 3 0
      Valley Lutheran High School 6.9 mi Private 9-12 0 0
      Paradise Valley High School 6.9 mi Public 9-12 3 0
      Aaec - Paradise Valley Charter School 7.0 mi Public 9-12 4 0
      Alhambra High School 7.1 mi Public 9-12 0 0
      Humanities And Sciences Academy Arizona 7.2 mi Public UNGRADE-UNGRADE 0 0
      Humanities And Sciences High School - Phoenix 7.2 mi Public 9-12 0 0
      Bourgade Catholic High School 7.3 mi Catholic 9-12 0 0
      Sandra Day O'connor High School 7.4 mi Public 9-12 4 0
      Mountain Trail Middle School 7.4 mi Public 7-8 4 0
      Brophy College Preparatory 7.6 mi Catholic 6-12 0 0
      Xavier College Preparatory High School 7.6 mi Catholic 9-12 0 0
      Central High School 7.7 mi Public 9-12 0 0
      Pan-american Charter School 8.0 mi Public K-12 2 0
      Pinnacle High School 8.0 mi Public 9-12 4 0
      Phoenix Christian Unified School 8.0 mi Private PRESCHOOL-12 0 0
      Madison Highland Prep 8.3 mi Public 9-11 5 0
      Bostrom Alternative Center 8.3 mi Public 10-12 0 0
      Phoenix College Preparatory Academy 8.6 mi Public 9-12 4 0
      Desert Sands Middle School 8.8 mi Public 7-8 0 0
      Metro Tech High School 8.9 mi Public 9-12 2 0
      Camelback High School 9.0 mi Public 9-12 0 0
      Phoenix Advantage Charter School 9.0 mi Public K-8 1 0
      Villa Montessori - Phoenix Campus 9.0 mi Public K-8 4 0
      Crown Point High School 9.1 mi Public 9-12 0 0
      West Phoenix High School 9.1 mi Public 9-12 0 0
      Explorer Middle School 9.1 mi Public 7-8 5 0
      Magnet Traditional School 9.2 mi Public K-8 4 0
      St Vincent De Paul Elementary School 9.2 mi Catholic PRESCHOOL-8 0 0
      Maryvale High School 9.4 mi Public 9-12 0 0
      North High School 9.5 mi Public 9-12 1 0
      St. Mary's Catholic High School 9.6 mi Catholic 9-12 0 0
      Franklin Police And Fire High School 10.0 mi Public 9-12 4 0
      Metropolitan Arts Institute 10.0 mi Public 7-12 3 0
      Genesis Academy 10.3 mi Public 9-12 0 0
      Arizona School For The Arts 10.3 mi Public 5-12 5 0
      Kaizen - Summit High School 10.3 mi Public 9-12 0 0
      Christ Lutheran School 10.4 mi Private PRESCHOOL-8 0 0
      Carl Hayden High School 10.5 mi Public 9-12 1 0
      Phoenix Christian School Pk-8 10.6 mi Private PRESCHOOL-8 0 0
      Trevor Browne High School 10.7 mi Public 9-12 0 0
      Phoenix Union Bioscience High School 11.0 mi Public 9-12 5 0
      Arcadia High School 11.0 mi Public 9-12 2 0
      Asu Preparatory Academy - Phoenix High School 11.1 mi Public K-12 3 0
      Raul H. Castro Middle School 11.2 mi Public 7-8 0 0
      Imagine Desert West Elementary School 11.3 mi Public K-5 0 0
      Desert Horizon Elementary School 11.4 mi Public K-8 0 0
      Arizona Preparatory Academy 12.1 mi Public 9-12 1 0
      Veritas Preparatory Academy 12.3 mi Public 6-12 4 0
      New Way Academy 12.4 mi Private K-12 0 0
      Arthur M Hamilton School 12.5 mi Public PRESCHOOL-8 0 0
      Sonoran Science Academy - Phoenix 12.6 mi Public K-12 3 0
      Edkey - Sequoia Choice Precision School 12.8 mi Public 9-12 1 0
      Gateway Early College High School 13.0 mi Public 9-12 2 0
      Great Hearts Academies - Archway Chandler 13.0 mi Public K-5 5 0
      South Ridge High School 13.0 mi Public 9-12 2 0
      Sierra Linda High School 14.4 mi Public 9-12 0 0
      Hope High School 14.4 mi Public 9-12 0 0
      Phoenix Collegiate Academy High School 14.5 mi Public 7-12 1 0
      Percy L Julian School 14.9 mi Public 4-8 0 0
      South Mountain High School 15.0 mi Public 9-12 0 0
      Arizona Lutheran Academy 15.1 mi Private 9-12 0 0
      Bernard Black Elementary School 15.4 mi Public K-8 0 0
      Desert Marigold School 16.0 mi Public PRESCHOOL-12 3 0
      Great Hearts Academies - Anthem Prep 16.4 mi Public 3-12 4 0
      Aaec - Smith Mountain Charter School 16.6 mi Public 9-12 3 0
      Boulder Creek High School 16.6 mi Public 9-12 4 0
      South Pointe High School 16.6 mi Public 9-12 0 0
      Arizona Cultural Academy 17.6 mi Private PRESCHOOL-12 0 0
      Basis Ahwatukee 19.4 mi Public 4-12 5 0
      Mountain Pointe High School 20.7 mi Public 9-12 2 0
      Desert Vista High School 22.3 mi Public 9-12 4 0
      Horizon Honors Secondary School 22.8 mi Public 7-12 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Phoenix, AZ
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.