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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: 1,629,970
  • Median Age: 35.36 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 3,149/sq mi
  • Population Change Since 2000: 23.43%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Phoenix Inst Herbal Medicine-acupuncture
  • Closest Jr. College: Carrington College-phoenix-westside
  • Median Household Income: $61,459
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $365,000
  • Closest Major Sports Team: Phoenix Suns
  • Change Avg. Household Income Since 2000: 53.5%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Phoenix, AZ
Median Age: 35.36 Married: 33% Number of Households: 586,105 Households with Children: 181,670
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
      Reid Traditional Schools' Painted Rock Academy 1.0 mi Public K-8 4
      Edkey - Arizona Conservatory For Arts And Academics Middle 1.9 mi Public 6-8 3
      Arizona Conservatory For Arts And Academics 1.9 mi Public K-5 3
      Lookout Mountain School 2.4 mi Public PRESCHOOL-6 4
      Abraham Lincoln Traditional School 2.6 mi Public PRESCHOOL-8 3
      Hearn Academy The - A Ball Charter School 3.0 mi Public PRESCHOOL-8 4
      Intelli-school - Paradise Valley 4.1 mi Public 9-12 3
      Deer Valley Online Learning Program 4.4 mi Public 9-12 3
      Montessori Day Public Schools Chartered - Mountain 4.4 mi Public PRESCHOOL-8 4
      Great Hearts Academies - North Phoenix Prep 4.4 mi Public K-10 5
      Basis Phoenix 4.4 mi Public 6-12 5
      Valley Academy - Reid Traditional Schools 4.8 mi Public PRESCHOOL-8 5
      Madison Richard Simis School 5.5 mi Public K-4 4
      Shadow Mountain High School 5.7 mi Public 9-12 3
      Mercury Mine Elementary School 5.7 mi Public PRESCHOOL-6 4
      Great Hearts Academies - Archway North Phoenix 5.7 mi Public K-5 4
      Pvonline 5.8 mi Public K-12 3
      Basis School - Phoenix Primary 5.8 mi Public K-5 5
      Pensar Academy 5.8 mi Public 4-8 3
      Bennett Academy 5.9 mi Public K-8 4
      Adams Traditional Academy 6.0 mi Public K-8 5
      Jefferson Preparatory High School 6.0 mi Public 9-12 5
      Alhambra Traditional School 6.1 mi Public K-8 5
      All Aboard Charter School 6.1 mi Public K-5 4
      Madison Traditional Academy 6.2 mi Public K-8 5
      New World Educational Center 6.6 mi Public K-8 3
      Freedom Academy - Paradise Campus 6.8 mi Public K-8 3
      Benchmark School 6.9 mi Public PRESCHOOL-6 4
      Quail Run Elementary School 6.9 mi Public K-6 4
      Paradise Valley High School 6.9 mi Public 9-12 3
      Hope High School Online 7.0 mi Public 7-12 3
      Aaec - Paradise Valley Charter School 7.0 mi Public 9-12 4
      Amerischools Academy - Camelback 7.0 mi Public K-8 4
      Madison #1 Elementary School 7.3 mi Public 5-8 3
      Sandra Day O'connor High School 7.4 mi Public 9-12 4
      Mountain Trail Middle School 7.4 mi Public 7-8 3
      Boulder Creek Elementary School 7.5 mi Public PRESCHOOL-6 5
      Union Park 7.6 mi Public K-8 5
      The Farm At Mission Montessori Academy At St George 7.7 mi Public 7-8 5
      Phoenix Coding Academy 7.8 mi Public 9-12 3
      Pinnacle High School 7.9 mi Public 9-12 4
      Stetson Hills Elementary School 7.9 mi Public K-8 5
      Milestones Charter School 8.2 mi Public PRESCHOOL-8 5
      Madison Highland Preparatory 8.3 mi Public 9-11 4
      Norterra Canyon K-8 8.3 mi Public PRESCHOOL-8 3
      Liberty Traditional Charter School 8.4 mi Public K-8 3
      Fireside Elementary School 8.4 mi Public K-6 5
      Basis Phoenix Central Primary 8.5 mi Public K-5 4
      Phoenix College Preparatory Academy 8.6 mi Public 9-12 3
      Sonoran Trails Middle School 8.7 mi Public 7-8 4
      Kaleidoscope School 8.9 mi Public K-5 3
      Villa Montessori - Phoenix Campus 9.0 mi Public PRESCHOOL-8 4
      Explorer Middle School 9.1 mi Public 7-8 4
      Magnet Traditional School 9.2 mi Public K-8 3
      Wildfire Elementary School 9.2 mi Public K-6 4
      Desert Trails Elementary School 9.5 mi Public PRESCHOOL-6 5
      Khalsa Montessori Elementary School - Phoenix 9.6 mi Public 1-6 5
      Franklin Police And Fire High School 10.0 mi Public 9-12 4
      Metropolitan Arts Institute 10.0 mi Public 7-12 4
      Arizona School For The Arts 10.3 mi Public 5-12 4
      Phoenix Union Bioscience High School 11.0 mi Public 9-12 5
      Arcadia High School 11.0 mi Public 9-12 3
      Tavan Elementary School 11.3 mi Public PRESCHOOL-5 3
      Hopi Elementary School 11.3 mi Public K-5 5
      Sonoran Foothills School 11.5 mi Public PRESCHOOL-8 5
      Augustus H Shaw Jr Montessori School 11.6 mi Public PRESCHOOL-8 4
      Sonoran Science Academy - Phoenix 11.7 mi Public K-12 3
      Vista College Preparatory 11.9 mi Public K-5 4
      Ingleside Middle School 12.0 mi Public 6-8 4
      Horseshoe Trails Elementary School 12.0 mi Public PRESCHOOL-6 5
      Veritas Preparatory Academy 12.3 mi Public 6-12 5
      Ridgeline Academy 12.5 mi Public K-8 4
      Great Hearts Academies - Archway Chandler 13.0 mi Public K-5 5
      Great Hearts Academies - Archway Veritas 13.6 mi Public K-5 5
      Sunset Ridge Elementary School 13.8 mi Public PRESCHOOL-8 5
      Desert Mountain Middle School 14.1 mi Public PRESCHOOL-8 4
      Maricopa Institute Of Technology 14.1 mi Public 9-12 4
      Maricopa Institute Of Technology 14.1 mi Public 7-8 4
      Stepping Stones Academy 14.2 mi Public K-8 4
      Desert Marigold School 16.0 mi Public PRESCHOOL-12 3
      Great Hearts Academies - Anthem Prep 16.4 mi Public K-12 5
      Diamond Canyon Elementary School 16.4 mi Public PRESCHOOL-8 5
      Boulder Creek High School 16.7 mi Public 9-12 4
      Gavilan Peak School 17.1 mi Public PRESCHOOL-8 4
      Anthem School 17.2 mi Public PRESCHOOL-8 4
      Amcs At Anthem - Caurus Academy 17.8 mi Public K-12 3
      Canyon Springs 18.4 mi Public PRESCHOOL-8 5
      Basis Ahwatukee 19.4 mi Public 4-12 5
      Kyrene De Los Cerritos School 20.7 mi Public PRESCHOOL-5 4
      Kyrene Altadena Middle School 20.7 mi Public 6-8 4
      Kyrene Monte Vista 21.4 mi Public K-5 4
      Keystone Montessori Charter School 21.9 mi Public 1-9 5
      Kyrene De La Sierra School 21.9 mi Public K-5 5
      Desert Vista High School 22.3 mi Public 9-12 4
      Kyrene Akimel A-al Middle School 22.5 mi Public 6-8 3
      Kyrene De La Estrella Elementary School 22.5 mi Public PRESCHOOL-5 3
      Kyrene De Los Lagos School 22.7 mi Public PRESCHOOL-5 4
      Horizon Honors Secondary School 22.8 mi Public 7-12 4
      Horizon Community Learning Center - Elementary 22.8 mi Public K-6 4
      Kyrene Del Milenio 22.8 mi Public PRESCHOOL-5 3
      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© 2022. 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.
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