November 2018 Phoenix AZ Housing Market Update

Written by Swee Ng Posted On Friday, 07 December 2018 10:32

November 2018 Phoenix AZ Real Estate Housing Market Report and House Value

Here are Phoenix AZ Housing Market Trends Report November 2018 for Single Family Detached Home and statistics. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Phoenix AZ provided by the FlexMLS system.

November 2018 Phoenix AZ Real Estate Housing Market Highlight:

New Listing had decreased about 4.4% from November 2017
November 2018 average sold price for single family home in Phoenix AZ was $337,155, that is about 7.6% increased from a year ago
Median sold price in November 2018 was $270,000, which had appreciated about 8.0% from November 2017
About 99% of single family homes sold in November 2018 are traditional sale
Most expensive homes sold in November 2018 was sold for $3,750,000

Phoenix Housing Market Update November 2018 and House Value by Swee Ng

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Number of Homes Sold in Phoenix AZ in November 2018
Based on November 2018 statistic, we saw 1,159 single family homes sold in Phoenix AZ compare to 1,277 of last year November. That’s about 9.2% decreased of single family home sold in Phoenix compare to a year ago. In November 2018, we saw 64 days on Market (DOM), compare to last November 66. It took average about 64 days to sell your home in Phoenix in November 2018.

Median Sold Price of Single Family Homes Sold in Phoenix AZ in November 2018
The median sold price for single family home in Phoenix AZ sold in November 2018 was $270,000. Compare to last year, median sold price in November 2017 was $250,000. The median sold price for single family home in Phoenix has increased about 8.0% from a year ago.

November 2018 Median Sold Price in Phoenix was $270,000
Click here to view Homes for Sale Under $250,000 in Phoenix AZ

Average Sold Price of Single Family Homes Sold in Phoenix AZ in November 2018
2018 November average sold price for single family home in Phoenix AZ was $337,155. Compare to last year November at $313,308, the average sold price has increased about 7.6% from a year ago.

There are 24 million dollar listings homes sold in November 2018.

November 2018 Average Sold Price in Phoenix was $337,155
Click here to view Homes for Sale Under $325,000 in Phoenix AZ

The average sold price per square feet for single family home in November 2018 was $171.00 per square feet.

Average sold price per square feet in November 2018 was $171 per square feet
Click here to view Homes for Sale in Phoenix Under $150 per square feet

The statistic indicate that Buyers are paying more for a home compare to 1 year ago.

Selling Your Home in Phoenix Arizona
Contact Us or call Swee Ng, Phoenix Real Estate Agent at 480.721.6253 today to discuss your potential Phoenix AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your Home is worth at today's market

What My Phoenix AZ Home is Worth?
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Swee Ng, Realtor specializing in win-win residential real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.

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