Phoenix Real Estate Market Forecast 2019

Phoenix Real Estate Market Forecast 2019

The median home value in Phoenix is $235,200. Phoenix home values have gone up 8.4% over the past year and Zillow predicts they will rise 4.3% within the next year. The median list price per square foot in Phoenix is $167, which is higher than the Phoenix-Mesa-Scottsdale Metro average of $158. The median price of homes currently listed in Phoenix is $279,650 while the median price of homes that sold is $239,300. The median rent price in Phoenix is $1,397, which is lower than the Phoenix-Mesa-Scottsdale Metro median of $1,475. The national economy is super strong and the number of people moving into Phoenix is finally strong again after tanking during the Great Recession.


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Dated: February 9th 2019
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