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PHX Reporter

Thursday, November 21, 2024

Phoenix (unincorporated) home prices rise in the first quarter of 2018

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The median sale price of a home sold in the first quarter of 2018 in Phoenix (unincorporated) rose by $31,000 while total sales increased by 8.9%, according to BlockShopper.com.

From January through March of 2018, there were 244 homes sold, with a median sale price of $331,000 - a 10.3% increase over the $300,000 median sale price for the same period of the previous year. There were 224 homes sold in Phoenix (unincorporated) in the first quarter of 2017.

The median sales tax in Phoenix (unincorporated) for the most recent year with available data, 2017, was $2,815, approximately 0.9% of the median home sale price for the first quarter of 2018.

The following table compares Phoenix (unincorporated) to other Maricopa County cities with similar median sales prices in the first quarter of 2018:

CityJan. - Mar. 2018 Home SalesJan. - Mar. 2017 Home Sales% change (Total Home Sales)Jan. - Mar. 2018 Median Sales PriceJan. - Mar. 2017 Median Sales Price% change (Median Sales Price)
Scottsdale1,8781,7785.6%$418,000$390,0007.2%
New River (unincorporated) 2428-14.3%$389,950$331,50017.6%
Laveen (unincorporated) 12771.4%$368,750$310,00019%
Fountain Hills25822017.3%$342,500$350,000-2.1%
Queen Creek (unincorporated) 12119.1%$339,950$315,0007.9%
Phoenix (unincorporated) 2442248.9%$331,000$300,00010.3%
Queen Creek224229-2.2%$330,306.50$296,00011.6%
Goodyear (unincorporated) 41300%$328,500$349,000-5.9%
Litchfield Park322433.3%$317,450$419,000-24.2%
Wickenburg (unincorporated) 124200%$315,500$330,000-4.4%
Gilbert1,2481,1835.5%$305,000$280,0008.9%

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