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PHX Reporter

Thursday, November 21, 2024

Phoenix home prices rise in May 2018

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The median sale price of a home sold in May 2018 in Phoenix rose by $23,000 while total sales decreased by 15.7%, according to BlockShopper.com.

In May 2018, there were 2,733 homes sold, with a median sale price of $234,000 - a 10.9% increase over the $211,000 median sale price for the same period of the previous year. There were 3,242 homes sold in Phoenix in May 2017.

The median sales tax in Phoenix for the most recent year with available data, 2017, was $1,261, approximately 0.5% of the median home sale price for May 2018.

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

CityMay 2018 Home SalesMay 2017 Home Sales% change (Total Home Sales)May 2018 Median Sales PriceMay 2017 Median Sales Price% change (Median Sales Price)
Peoria350413-15.3%$259,950$242,5007.2%
Mesa736858-14.2%$247,000$223,00010.8%
Surprise360391-7.9%$244,950$225,0008.9%
Sun City West (unincorporated)99122-18.9%$244,000$216,75012.6%
Buckeye (unincorporated)1019-47.4%$238,500$237,0000.6%
Phoenix2,7333,242-15.7%$234,000$211,00010.9%
Avondale155174-10.9%$230,000$215,0007%
Glendale347436-20.4%$225,000$218,2503.1%
Uninc-85326/Buckeye23-33.3%$218,000$51,662322%
Buckeye2182056.3%$212,750$202,0505.3%
El Mirage6873-6.8%$200,000$175,00014.3%

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