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PHX Reporter

Friday, November 1, 2024

Phoenix home prices rise in 2017

Re 3

The median sale price of a home sold in 2017 in Phoenix rose by $15,500 while total sales increased by 4.5%, according to BlockShopper.com.

From January through December of 2017, there were 31,671 homes sold, with a median sale price of $212,500 - a 7.9% increase over the $197,000 median sale price for the previous year. There were 30,302 homes sold in Phoenix in 2016.

The median sales tax in Phoenix for 2017 was $1,261. In 2016, the median sales tax was $1,195. This marks an increase of 5.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Phoenix to other Maricopa County cities with similar median sales prices in 2017:

CityJan. - Dec. 2017 Home SalesJan. - Dec. 2016 Home Sales% change (Total Home Sales)Jan. - Dec. 2017 Median Sales PriceJan. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Buckeye (unincorporated)15313513.3%$226,000$195,00015.9%
Surprise4,1063,9883%$225,320$215,0004.8%
Mesa8,7448,3854.3%$225,000$209,9007.2%
Wickenburg144146-1.4%$223,500$190,00017.6%
Sun City West (unincorporated)1,1171,0952%$217,500$200,0008.8%
Phoenix31,67130,3024.5%$212,500$197,0007.9%
Avondale1,7981,844-2.5%$212,500$199,0006.8%
Glendale4,1303,8507.3%$207,000$190,0008.9%
Buckeye2,2751,93417.6%$196,900$185,0006.4%
Surprise (unincorporated) 654254.8%$189,000$185,879.501.7%
Glendale (unincorporated) 685817.2%$187,750$167,45012.1%

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