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2020 Phoenix AZ Housing Market Report

Written by Posted On Monday, 25 January 2021 12:14

2020 Phoenix AZ Real Estate Housing Market Trends Report, Statistics and House Value

Here are 2020 Phoenix AZ Housing Market Update for Single Family 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 as 1/4/2021, provided by the FlexMLS system.

2020 Phoenix AZ Housing Market Update Highlight

  • New Listings for single family home had decreased about 3.0% from 2019
  • 2020 average sold price for single family home in Phoenix AZ was $401,534, that is about 16.2% increased from a year ago
  • Phoenix single family homes median sold price in 2020 was $325,000, which had appreciate about 16.1% from 2019
  • Almost all of single family homes sold in Phoenix AZ in 2020 are regular sale
  • Most expensive homes sold in Phoenix AZ in 2020 was sold for $7,250,000
2020 Phoenix AZ Housing Update, Statistics and House Value by Swee Ng


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Number of Homes Sold in Phoenix AZ in 2020
Based on 2020 statistic, we saw 17,574 single family homes sold in Phoenix AZ compare to 17,445 in 2019. That is about 0.7% increased number of single family home sold in Phoenix compare to a year ago.

In 2020, we saw 44 days on Market (DOM), compare to 62 in 2019. It took average about 44 days to sell your home in Phoenix in 2020.


2020 Phoenix AZ Median Sold Price
The median sold price for single family home in Phoenix AZ sold in 2020 was $325,000. Compare to last year, median sold price in 2019 was $280,000, 2020 median sold price for single family home in Phoenix has increased about 16.1% from a year ago.

2020 Median Sold Price in Phoenix was $325,000
Click here to view Homes for Sale Under $300,000 in Phoenix AZ



2020 Average Sold Price in Phoenix AZ
2020 average sold price for single family home in Phoenix AZ was $401,534. Compare to 2019 at $345,547, 2020 average sold price has increased about 16.2% from a year ago.

2020 Average Sold Price in Phoenix was $401,534
Click here to view Homes for Sale Under $400,000 in Phoenix AZ


There are 508 million dollar listings homes sold in 2020.
2020 Average Sold Price Per SQFT
The average sold price per square feet for single family home in 2020 was $201 per square feet, compare to $177 a year ago.

Average sold price per square feet in 2020 was $201 per square feet
Click here to view Homes for Sale in Phoenix Under $150 per square feet


Based on the median sold price and average sold price statistic, buyer is paying more when buying single family home in Phoenix compare to one year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win 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 consultation.

Wondering how much house I can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.

 

Selling your home in Phoenix Arizona

Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Phoenix AZ Home Price 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 House is worth?

 

Phoenix AZ Real Estate Listings and Homes for Sale by Price Range

Homes Under $200,000

Homes $200,000 - $300,000

Homes $300,000 - $400,000

Homes $400,000 - $500,000

Homes $500,000 - $600,000

Homes $600,000 - $700,000

Homes $700,000 - $800,000

Homes $800,000 - $900,000

Homes $900,000 - $1,000,000

Homes $1,000,000 - $2,000,000

Homes Over $2,000,000

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

 

Search and view your dream home your way

Receive email alert as soon as a Phoenix property matching your criteria hits the market. Be one of the first to see new listings. Simply type in everything you want in a house and save your search here to be notified.

 

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Swee Ng

Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win 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 a home or sell your home in Phoenix AZ and surrounding area, we hope you will consider us. Contact Swee today for complimentary consultation.

www.sweephoenixazhomes.com/

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