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PHX Reporter

Friday, November 1, 2024

Phoenix (unincorporated) home prices rise in the fourth quarter of 2017

Realestate4

The median sale price of a home sold in the fourth quarter of 2017 in Phoenix (unincorporated) rose by $44,500 while total sales increased by 4.2%, according to BlockShopper.com.

From October through December of 2017, there were 222 homes sold, with a median sale price of $339,500 - a 15.1% increase over the $295,000 median sale price for the same period of the previous year. There were 213 homes sold in Phoenix (unincorporated) in the fourth quarter of 2016.

The median sales tax in Phoenix (unincorporated) for 2017 was $2,815. In 2016, the median sales tax was $2,551. This marks an increase of 10.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.8%.

The following table compares Phoenix (unincorporated) to other Maricopa County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Litchfield Park3141-24.4%$405,000$390,0003.8%
Scottsdale1,6461,5128.9%$405,000$387,0004.7%
Goodyear (unincorporated) 31200%$381,712$304,00025.6%
Fountain Hills21919810.6%$355,000$319,95011%
Queen Creek (unincorporated) 13128.3%$350,000$352,500-0.7%
Phoenix (unincorporated) 2222134.2%$339,500$295,00015.1%
Laveen (unincorporated) 12120%$332,500$318,2504.5%
Queen Creek2512433.3%$330,000$295,00011.9%
Uninc-85351/Sun City-Youngtown226-92.3%$325,000$164,57497.5%
Gilbert1,2291,240-0.9%$296,900$272,0009.2%
Uninc-85262/Tonto National Forest13944.4%$295,000$525,000-43.8%

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