Arizona Home Values & Market Trends
There have been 141,250 properties sold in the Arizona real estate market trends. Median home values in the Arizona housing market are $436,930.26. The median residential home value for transactions over the last 12 months is 365,543.352. The State of Arizona currently has 2,396 properties in foreclosure, 84 bank owned properties, and 2,312 headed for auction.
Arizona Real Estate Market Overview
| County | Median Est. Value | County | Median Est. Value |
|---|---|---|---|
| Pima | $ 375,000 $ 224/sqft | Pinal | $ 450,675 $ 227/sqft |
| Mohave | $ 425,000 $ 260/sqft | Gila | $ 526,200 $ 304/sqft |
| Yavapai | $ 616,508 $ 313/sqft | La Paz | $ 401,071 $ 272/sqft |
| Yuma | $ 342,585 $ 208/sqft | Graham | $ 271,800 $ 158/sqft |
| Maricopa | $ 585,000 $ 288/sqft | Apache | $ 338,160 $ 185/sqft |
| Coconino | $ 699,500 $ 372/sqft | Santa Cruz | $ 344,950 $ 127/sqft |
| Cochise | $ 306,887 $ 166/sqft | Greenlee | $ 257,712 $ 111/sqft |
| Navajo | $ 498,496 $ 274/sqft |
Housing Market Summary for Arizona
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $462.2K | $427.6K | -7.49% |
| Median Sold Price | $432.9K | $427.6K | -1.24% |
| Homes For Sale | 11,376 | 6,210 | -45.41% |
| Homes Sold | 88,808 | 81,674 | -8.03% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Arizona
Browse Homes in Arizona
There are currently 6,348 properties for sale in Arizona. The current home value ranges in price from 1,850 to 32,000,000. The total count of properties in the state is 2,350,825, and the percentage of properties for sale is 6348.00%.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Arizona with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single county. There are 15 counties within Arizona; of those counties, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Arizona ranges from the highest value of $1,974,757 in Navajo to the lowest value of $45,137 in Yavapai. Bank owned homes and properties account for 0.00% of properties in Arizona. There are 15 counties within Arizona; Maricopa containing 22 REO properties, has the highest number of bank owned properties in a single county.
- AuctionsMaricopa has 1290 auction properties, the highest number of properties going to auction in a single county in the state of Arizona. Auction homes and other auction properties account for 0.10% of all properties in Arizona. There are 15 counties within Arizona; of those counties, the median estimated home value for homes going to auction ranges from $7,099,000 in Santa Cruz to the lowest value of $33,848 in Santa Cruz.
Compare Nearby Cities
More Real Estate Resources for Arizona
Guide for Arizona
The Tucson real estate market has witnessed significant growth trends, with average property values reaching $367,000 as of February 2024. This growth offers equity gain opportunities to investors despite the market’s competitive nature. Additionally, neighboring cities present varied property value and market activity scenarios, offering homebuyers a range of options.
Glendale, AZ’s real estate market has seen considerable fluctuations in property value and sale prices. The significant peaks and troughs offer intriguing trends to potential buyers, sellers, and investors, while a comparative analysis with nearby cities like Phoenix, Peoria, and Sun City presents a diverse real estate landscape in this region of Arizona.
The Mesa, Arizona real estate market displays a variety of trends with property values fluctuating monthly.
Overview of the Chandler, Arizona real estate market – Mar 2024.
