$205,000
2 bd2 ba986 sqft
2724 W McLellan Blvd #Boulevard119
Phoenix, AZ Housing Market
$411,563
2.3% 1-yrThe average Phoenix, AZ home value is $411,563, down 2.3% over the past year, and homes go to pending in around 25 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Phoenix Key Takeaways
Typical Home Values: $411,563
1-Year Value Change: -2.3%
(Data through May 31, 2026)
Phoenix Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 5,744 ()
New Listings: 1,717 ()
Median Sale to List Ratio: 0.988 ()
Median Sale Price: $428,061 ()
Median List Price: $465,000 ()
Percent of Sales Over List Price: 16.9% ()
Percent of Sales Under List Price: 59.1% ()
Median Days to Pending: 25 ()
(Metric availability is based on market coverage and data)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Phoenix
- NameMedian ZHVI
- North Mountain$375,483
- Alhambra$347,339
- Sands Oasis$428,442
- Peoria Ave$392,413
- New World$343,876
- Golden Palms$442,531
- Bird of Paradise Neighbors$471,412
- Blue Sky--
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Phoenix Rental Market Trends
Average Rent: $1,577 ()
National Average Rent: $1,951 ()
Month-Over-Month Change: 0.6% ()
Year-Over-Year Change: -0.7% ()
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
