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PHX Reporter

Friday, November 1, 2024

Phoenix home prices rise in April 2018

Re 3

The median sale price of a home sold in April 2018 in Phoenix rose by $27,750 while total sales increased by 5.8%, according to BlockShopper.com.

In April 2018, there were 2,955 homes sold, with a median sale price of $232,750 - a 13.5% increase over the $205,000 median sale price for the same period of the previous year. There were 2,794 homes sold in Phoenix in April 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 April 2018.

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

CityApr. 2018 Home SalesApr. 2017 Home Sales% change (Total Home Sales)Apr. 2018 Median Sales PriceApr. 2017 Median Sales Price% change (Median Sales Price)
Peoria337364-7.4%$251,000$242,5003.5%
Mesa8317826.3%$243,000$224,0008.5%
Surprise3953609.7%$235,000$220,0006.8%
Sun City West (unincorporated)13611122.5%$235,000$218,0007.8%
Uninc-85249/Chandler South Central20-$233,750$0-
Phoenix2,9552,7945.8%$232,750$205,00013.5%
Avondale15213512.6%$228,800$215,0006.4%
Glendale3773663%$220,000$208,0005.8%
Guadalupe10-$219,900$0-
Wickenburg166166.7%$216,000$215,0000.5%
Buckeye23018425%$209,950$193,792.508.3%

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