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: $260,000
  • 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
      Cortez High School 0.9 mi Public 9-12 2 0
      North Pointe Preparatory 0.9 mi Public 7-12 2 0
      Moon Valley High School 1.6 mi Public 9-12 3 0
      Kaizen - Maya High School 2.4 mi Public 9-12 0 0
      Cornerstone Charter School 2.7 mi Public 9-12 0 0
      Washington High School 3.0 mi Public 9-12 3 0
      Ss Simon & Jude School 3.2 mi Catholic PRESCHOOL-8 0 0
      Maryland Elementary School 3.4 mi Public PRESCHOOL-8 1 0
      Sunnyslope High School 3.6 mi Public 9-12 4 0
      Thunderbird High School 3.6 mi Public 9-12 4 0
      Greenway High School 3.6 mi Public 9-12 4 0
      Northwest Christian School 4.2 mi Private PRESCHOOL-12 0 0
      Alhambra High School 4.4 mi Public 9-12 0 0
      Arizona Conservatory For Arts And Academics 4.5 mi Public 6-12 4 0
      Bourgade Catholic High School 4.8 mi Catholic 9-12 0 0
      Torah High School Of Arizona 5.1 mi Private 9-12 0 0
      Mountain Sky Middle School 5.2 mi Public 7-8 3 0
      Valley Lutheran High School 5.3 mi Private 9-12 0 0
      New World Educational Center 5.5 mi Public K-8 3 0
      Pan-american Charter School 5.5 mi Public K-12 2 0
      Imagine Elementary At Bell Canyon 5.5 mi Public PRESCHOOL-8 3 0
      Phoenix Christian Unified School 5.9 mi Private PRESCHOOL-12 0 0
      Desert Sands Middle School 5.9 mi Public 7-8 0 0
      Bostrom Alternative Center 5.9 mi Public 10-12 0 0
      Humanities And Sciences High School - Phoenix 5.9 mi Public 9-12 0 0
      Humanities And Sciences Academy Arizona 5.9 mi Public UNGRADE-UNGRADE 0 0
      Brophy College Preparatory 6.0 mi Catholic 6-12 0 0
      Central High School 6.1 mi Public 9-12 0 0
      Crown Point High School 6.2 mi Public 9-12 0 0
      Xavier College Preparatory High School 6.2 mi Catholic 9-12 0 0
      St Vincent De Paul Elementary School 6.3 mi Catholic PRESCHOOL-8 0 0
      Paradise Valley Christian Prep 6.4 mi Private PRESCHOOL-12 0 0
      West Phoenix High School 6.4 mi Public 9-12 0 0
      Basis Phoenix 6.4 mi Public 6-12 5 0
      Great Hearts Academies - North Phoenix Prep 6.4 mi Public K-10 4 0
      Maryvale High School 6.5 mi Public 9-12 0 0
      Phoenix College Preparatory Academy 6.7 mi Public 9-12 4 0
      Metro Tech High School 6.8 mi Public 9-12 2 0
      Intelli-school - Paradise Valley 6.8 mi Public 9-12 3 0
      Shadow Mountain High School 6.9 mi Public 9-12 2 0
      Magnet Traditional School 6.9 mi Public K-8 4 0
      Madison Highland Prep 7.1 mi Public 9-11 5 0
      Barry Goldwater High School 7.2 mi Public 9-12 2 0
      Crestview College Preparatory High School 7.4 mi Public 7-12 1 0
      Valley Academy - Reid Traditional Schools 7.5 mi Public PRESCHOOL-8 5 0
      Career Success High School - North Phoenix 7.7 mi Public 9-12 1 0
      Phoenix Advantage Charter School 7.7 mi Public K-8 1 0
      North Canyon High School 7.7 mi Public 9-12 1 0
      Trevor Browne High School 7.8 mi Public 9-12 0 0
      Franklin Police And Fire High School 7.8 mi Public 9-12 4 0
      St. Mary's Catholic High School 7.8 mi Catholic 9-12 0 0
      North High School 7.9 mi Public 9-12 1 0
      Carl Hayden High School 7.9 mi Public 9-12 1 0
      Metropolitan Arts Institute 8.0 mi Public 7-12 3 0
      Camelback High School 8.2 mi Public 9-12 0 0
      Villa Montessori - Phoenix Campus 8.3 mi Public K-8 4 0
      Raul H. Castro Middle School 8.3 mi Public 7-8 0 0
      Imagine Desert West Elementary School 8.3 mi Public K-5 0 0
      Arizona School For The Arts 8.5 mi Public 5-12 5 0
      Genesis Academy 8.5 mi Public 9-12 0 0
      Desert Horizon Elementary School 8.5 mi Public K-8 0 0
      Kaizen - Summit High School 8.6 mi Public 9-12 0 0
      Adams Traditional Academy 8.6 mi Public K-8 5 0
      Phoenix Union Bioscience High School 9.1 mi Public 9-12 5 0
      Asu Preparatory Academy - Phoenix High School 9.2 mi Public K-12 3 0
      Paradise Valley High School 9.3 mi Public 9-12 3 0
      Phoenix Christian School Pk-8 9.4 mi Private PRESCHOOL-8 0 0
      Arizona Preparatory Academy 9.4 mi Public 9-12 1 0
      Aaec - Paradise Valley Charter School 9.6 mi Public 9-12 4 0
      Sandra Day O'connor High School 9.8 mi Public 9-12 4 0
      Christ Lutheran School 9.8 mi Private PRESCHOOL-8 0 0
      Arthur M Hamilton School 10.1 mi Public PRESCHOOL-8 0 0
      South Ridge High School 10.1 mi Public 9-12 2 0
      Mountain Trail Middle School 10.3 mi Public 7-8 4 0
      Arcadia High School 10.6 mi Public 9-12 2 0
      Pinnacle High School 10.7 mi Public 9-12 4 0
      Edkey - Sequoia Choice Precision School 11.1 mi Public 9-12 0 0
      Sierra Linda High School 11.5 mi Public 9-12 0 0
      Hope High School 11.5 mi Public 9-12 0 0
      New Way Academy 11.8 mi Private K-12 0 0
      Gateway Early College High School 11.9 mi Public 9-12 2 0
      Sonoran Science Academy - Phoenix 11.9 mi Public K-12 3 0
      Explorer Middle School 11.9 mi Public 7-8 5 0
      Veritas Preparatory Academy 11.9 mi Public 6-12 4 0
      Great Hearts Academies - Archway Chandler 12.0 mi Public K-5 5 0
      Phoenix Collegiate Academy High School 12.5 mi Public 7-12 0 0
      Arizona Lutheran Academy 12.6 mi Private 9-12 0 0
      South Mountain High School 12.9 mi Public 9-12 0 0
      Bernard Black Elementary School 13.0 mi Public K-8 0 0
      Percy L Julian School 13.2 mi Public 4-8 0 0
      Desert Marigold School 14.3 mi Public PRESCHOOL-12 3 0
      South Pointe High School 14.5 mi Public 9-12 0 0
      Aaec - Smith Mountain Charter School 14.7 mi Public 9-12 3 0
      Arizona Cultural Academy 16.1 mi Private PRESCHOOL-12 0 0
      Basis Ahwatukee 17.9 mi Public 4-12 5 0
      Great Hearts Academies - Anthem Prep 18.9 mi Public 3-12 4 0
      Mountain Pointe High School 19.0 mi Public 9-12 2 0
      Boulder Creek High School 19.0 mi Public 9-12 4 0
      Desert Vista High School 20.3 mi Public 9-12 4 0
      Horizon Honors Secondary School 21.0 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.