Phoenix, Az

Everything you need to know about living in Phoenix and its real estate market.

Phoenix, Arizona & Real Estate

About Phoenix, Az

Phoenix, AZ, established in 1868, boasts a rich history and a vibrant culture that has grown from its early beginnings. Over the years, it has developed into a bustling metropolitan area, including neighborhoods like Scottsdale, Tempe, and Mesa. Today, Phoenix is renowned for its booming economy and high quality of life, making it a magnet for new residents.

In recent years, Phoenix has seen significant population growth. Its strong economy, featuring a diverse job market, is a key attraction. Additionally, the city’s excellent school districts make it an ideal choice for families seeking quality education. With its historical charm and modern amenities, Phoenix is becoming an increasingly popular destination for those looking to settle in Arizona, offering promising opportunities for real estate investors and residents alike.

Phoenix Real Estate Market Stats

Last update: July 3, 2024

  • Homes Listed: 8,008 homes (-2.7%)

  • Average DOM: 44 days (+0.2%)

  • Average Price per Sqft: $342 (-1.4%)

  • Median List Price: $673,109 (-1.4%)

  • Average Sold Price: $559,420 (-0.7%)

  • Price Reductions: 1,577 (+49.%)

  • Sold Last 30 Days: 1,470 (-7%)

  • Sold to Listed Ration: 1470:1728 (-31.6%)

Considering moving or relocating to Phoenix, AZ. Schedule a 1-on-1 consultation to see if it is the right for you.

Considering moving or relocating to Phoenix, AZ. Schedule a 1-on-1 consultation to see if it is the right for you.

History & Culture of Phoenix, AZ

Phoenix, AZ, boasts a captivating history and vibrant culture that has shaped its identity over the decades. The region’s history is deeply rooted in its early settlers, including Native American tribes such as the Hohokam, who played significant roles in its early development. The arrival of settlers in the late 19th century marked the beginning of the city’s transformation and growth.

Today, Phoenix celebrates its diverse cultural heritage with numerous museums and historical sites, such as the Heard Museum and the Pueblo Grande Museum, which offer a glimpse into its past. This rich cultural tapestry is further enriched by the city’s significant contributions to Arizona’s history, making it a place of historical importance. Phoenix’s culture reflects a harmonious blend of traditions, highlighting the importance of preserving its historical roots and celebrating its unique heritage. Whether you’re exploring its museums or engaging with the local community, Phoenix invites you to experience its history and culture in an enriching and authentic way.

Phoenix Climate

Phoenix, AZ boasts a warm and inviting climate. With hot summers and mild winters, this region offers a diverse range of outdoor activities year-round. Phoenix’s desert climate, characterized by abundant sunshine, is perfect for those who appreciate a sun-kissed lifestyle. Whether you’re looking to explore the city’s vibrant neighborhoods or engage in its stunning desert landscapes, the pleasant weather in Phoenix makes it an ideal place to call home.

Phoenix Cost of Living

Phoenix, AZ has a BestPlaces Cost of Living index of 113, which means the total cost of housing, food, child care, transportation, health care, taxes, and other necessities is 113 percent higher than the U.S. average. This makes it a bit more expensive than other parts of Arizona but still offers a vibrant lifestyle and numerous amenities that attract many residents.

Click here to view the full report.

Phoenix Avg. Commute Time

The typical American commute has been getting longer each year since 2010. The average one-way commute in Phoenix takes 25.4 minutes. That’s shorter than the US average of 26.4 minutes.

How people in Phoenix get to work:

  • 74.6% drive their own car alone
  • 12.5% carpool with others
  • 5.4% work from home
  • 3.3% take mass transit

Phoenix Schools

Phoenix, AZ, is home to a diverse and thriving educational landscape, with the Phoenix Union High School District (PUHSD) at its core. As of the 2021-2022 school year, PUHSD, one of the largest and most diverse districts in the nation, enrolled over 28,000 students. The district is known for its commitment to academic excellence and its extensive range of schools. With 20 schools serving the community, it offers a comprehensive education from elementary to high school levels. PUHSD’s dedication to fostering a rich learning environment is reflected in its diverse student body and numerous educational opportunities. It’s a place where students can explore a wide array of programs and experiences while being part of a community that values education and cultural diversity.

Click here to view full report.

Things to Do in Phoenix

  • Pizzeria Blanco

  • Hana Japanese Eatery

  • Durant’s

  • Little Miss BBQ

  • Otro Café

  • The Clever Koi

  • Welcome Chicken + Donuts

  • Chino Bandido

  • Green New American Vegetarian

  • Rito’s Mexican Food

  • Bacanora

  • Rusconi’s American Kitchen

Places to Eat in Phoenix

  • Musical Instrument Museum

  • Century Grand: Platform 18

  • Heard Musuem

  • Desert Botanical Garden

  • Camelback Mountain

  • Hole in the Rock

  • Chase Field

  • Phoenix Zoo

  • Wrigley Mansion

  • Phoenix Art Musuem

  • Children’s Museum of Phoenix

  • South Mountain Park

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We offer home-buyers consultations to help you make an informed decision about purchasing your dream home. We’ll take the time to understand your unique needs and preferences and help you find a home that meets your criteria and budget. Choose a date and time that works best for you.

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Phoenix’s Ultimate Buyers Guide

By downloading my Ultimate Buyer’s Guide for free, you’ll gain access to valuable insights and tips on how to navigate the home buying process with ease and make informed decisions that align with your unique needs and preferences. It’s the perfect resource for anyone looking to buy a property in the Phoenix area.

Phoenix, Arizona Report Card

Niche.com provides valuable insights into the quality of life in Phoenix, AZ. According to their ratings, Phoenix boasts an impressive Overall Niche Grade of B+. This reflects the city’s exceptional combination of factors like cost of living, safety, education, and overall community satisfaction. Such a high grade signifies that Phoenix is a highly desirable place to live and offers a high standard of living to its residents.

Moreover, Phoenix’s ranking among the top cities to live in Arizona is a testament to its outstanding qualities. This recognition acknowledges the city’s appeal, diverse culture, and access to excellent amenities. Whether you’re seeking a vibrant urban lifestyle or a serene suburban environment, Phoenix provides a wide range of options to cater to your preferences. With a strong sense of community, beautiful neighborhoods, and top-notch schools, it’s no wonder that Phoenix is highly regarded as a top choice for residents in Arizona. These accolades highlight the city’s commitment to providing a high quality of life for its residents, making it a standout destination in the Grand Canyon State.

B+

Phoenix Overall Niche Grade

The grade is an average of the individual scores below.

B Public Schools

C Housing

B Good for Families

B- Jobs

C Cost of Living

A- Outdoor Activities

C- Crime & Saftey

A- Nightlife

A+ Diversity

A+ Weather

B Health & Fitness

B+ Commute

#1

Phoenix Rankings

Most Diverse Counties in America
#69 of 229

Best Counties to Retire in America
#87 of 229

Cities with the Best Public Schools in America
#105 of 229

Best Places for Young Professionals in America
#5,924 of 18,165

4.5

Phoenix Reviews

704 Excellent Reviews

898 Very Good Reviews

378 Average Reviews

43 Poor Reviews

16 Terrible Reviews

Phoenix Area Real Estate & News