2018 Phoenix Housing Market Update

Written by Posted On Wednesday, 16 January 2019 12:27

2018 Phoenix AZ Real Estate Housing Market Report and House Value

2018 Phoenix AZ Real Estate Housing Market Highlight:

  • New Listing had decreased about 1.6% from 2017
  • 2018 average sold price for single family home in Phoenix AZ was $324,909, that is about 9.4% increased from a year ago
  • Median sold price in 2018 was $264,900, which had appreciated about 9.2% from 2017
  • About 98% of single family homes sold in 018 are traditional sale
  • Most expensive homes sold in 2018 was sold for $4,100,000
Phoenix Housing Market Update 2018 and House Value by Swee Ng

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Number of Homes Sold in Phoenix AZ in 2018
Based on 2018 statistic, we saw 17,190 single family homes sold in Phoenix AZ compare to 17,297 of last year. That’s about 0.6% decreased of single family home sold in Phoenix compare to a year ago. In 2018, we saw 61 days on Market (DOM), compare to last 64. It took average about 61 days to sell your home in Phoenix in 2018.

Median Sold Price of Single Family Homes Sold in Phoenix AZ in 2018
The median sold price for single family home in Phoenix AZ sold in 2018 was $264,900. Compare to last year, median sold price in 2017 was $242,500. The median sold price for single family home in Phoenix has increased about 9.2% from a year ago.

2018 Median Sold Price in Phoenix was $264,900
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 2018
2018 average sold price for single family home in Phoenix AZ was $324,909. Compare to last year average sold price $296,956, the average sold price has increased about 9.4% from a year ago.

2018 Average Sold Price in Phoenix was $324,909
Click here to view Homes for Sale Under $300,000 in Phoenix AZ

There are 289 million dollar homes sold in 2018 compare to 200 in 2017.

2018 Average Sold Price Per Square Feet Phoenix AZ
2018 average sold price per square feet for single family home sold Phoenix in 2018 was $166.00 per square feet. Last year 2017 average sold price per square feet was $153.00.

Average sold price per square feet in 2018 was $166 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.

Phoenix AZ Single Family Home Price 2000 - 2018

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?
View your House Value estimated instantly for free at www.phoenixazhousevalue.com

View your house value instantly for free

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.

Contact Swee Ng, Gilbert Real Estate Agent, Realtor in Gilbert AZ

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