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PHX Reporter

Friday, November 1, 2024

Phoenix home prices rise in March 2018

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The median sale price of a home sold in March 2018 in Phoenix rose by $18,000 while total sales increased by 3.6%, according to BlockShopper.com.

In March 2018, there were 3,048 homes sold, with a median sale price of $225,000 - a 8.7% increase over the $207,000 median sale price for the same period of the previous year. There were 2,942 homes sold in Phoenix in March 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 March 2018.

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

CityMar. 2018 Home SalesMar. 2017 Home Sales% change (Total Home Sales)Mar. 2018 Median Sales PriceMar. 2017 Median Sales Price% change (Median Sales Price)
Wickenburg201353.8%$232,500$226,2002.8%
Tonopah (unincorporated) 67-14.3%$226,500$185,00022.4%
Avondale166190-12.6%$226,050$208,5008.4%
Glendale3983882.6%$225,950$197,25014.6%
Glendale (unincorporated) 48-50%$225,500$169,95032.7%
Phoenix3,0482,9423.6%$225,000$207,0008.7%
Buckeye27821032.4%$203,590$190,0007.2%
Uninc-85326/Buckeye6450%$195,000$282,500-31%
El Mirage6567-3%$191,500$169,88812.7%
Morristown (unincorporated)660%$183,000$245,000-25.3%
Mesa (unincorporated) 8087-8%$178,250$172,0003.6%

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