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PHX Reporter

Friday, November 1, 2024

Phoenix home prices rise in February 2018

Re 1

The median sale price of a home sold in February 2018 in Phoenix rose by $18,400 while total sales increased by 9.7%, according to BlockShopper.com.

In February 2018, there were 2,381 homes sold, with a median sale price of $224,900 - a 8.9% increase over the $206,500 median sale price for the same period of the previous year. There were 2,170 homes sold in Phoenix in February 2017.

The median sales tax in Phoenix for the most recent year with available data, 2017, was $1,261, approximately 0.6% of the median home sale price for February 2018.

The following table compares Phoenix to other Maricopa County cities with similar median sales prices in February 2018:

CityFeb. 2018 Home SalesFeb. 2017 Home Sales% change (Total Home Sales)Feb. 2018 Median Sales PriceFeb. 2017 Median Sales Price% change (Median Sales Price)
Peoria2752596.2%$259,500$235,00010.4%
Sun City West (unincorporated)1081034.9%$244,625$204,00019.9%
Surprise286287-0.3%$243,750$212,00015%
Mesa6385976.9%$240,000$217,00010.6%
Glendale (unincorporated) 57-28.6%$232,500$189,00023%
Phoenix2,3812,1709.7%$224,900$206,5008.9%
Avondale12510519%$216,900$209,9003.3%
Buckeye18114227.5%$210,000$183,25014.6%
Glendale2962825%$208,575$201,0003.8%
Buckeye (unincorporated)151136.4%$206,000$203,9901%
Uninc-85326/Buckeye26-66.7%$200,000$328,500-39.1%

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