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Phoenix Real Estate Forecast, Phoenix Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Phoenix a good investment? The median home price in Phoenix City today: ▼263217 USD (-0.0531%)

▲268763 USD

▲288696 USD

Phoenix city real estate market report for buying and selling homes with median prices:

"Is it a good time to buy homes in Phoenix City?" "Does investing in real estate in Phoenix (Arizona State, Maricopa County) worth it?" According to our live Forecast System, buying a house in Phoenix City is a not so good short-term (1-year) investment*. The Phoenix average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Phoenix" projections.

At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Phoenix City in Arizona State, Maricopa County. If you are looking for homes for sale with good flipping profit, Phoenix can be a profitable property investment option. The median price of an average house in Phoenix was 263217 USD on 2024-07-08. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Phoenix" area is 288696 USD by 2029-07-31. For a 5-year investment the profit is expected to be around +9.68% meaning that investing 100000 USD today may yield a profit of 109680 USD by 2029.

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Current Median Listing Price: 263217 USD

Median Listing Price Per Square Foot: 146 USD

Phoenix City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Phoenix City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

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Phoenix City (Arizona State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2023-2029

The long-term housing forecast is based on all the available median listing price recorded up to today.

Phoenix City (Arizona State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2028-2028

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Detailed Trend Components of the Phoenix Property Price Forecast and Prognosis

Detailed Data for the Phoenix City Real Estate Forecast Charts of the Upcoming Months and Year

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14 Years Historical Data

Date	Opening price	Closing price	Minimum price	Maximum price
2022	Open: 251981	Close: 254092	Low: 251773	High: 254227
2021	Open: 255735	Close: 252743	Low: 252688	High: 255735
2020	Open: 263070	Close: 256617	Low: 256617	High: 264890
2019	Open: 245550	Close: 261030	Low: 245550	High: 261030
2018	Open: 230530	Close: 244720	Low: 230530	High: 244720
2017	Open: 212970	Close: 229000	Low: 212970	High: 229000
2016	Open: 198120	Close: 211880	Low: 198120	High: 211880
2015	Open: 179610	Close: 196240	Low: 179610	High: 196240
2014	Open: 172080	Close: 178930	Low: 172080	High: 178930
2013	Open: 145390	Close: 170150	Low: 145390	High: 170150
2012	Open: 111450	Close: 142500	Low: 111450	High: 142500
2011	Open: 117930	Close: 110540	Low: 108880	High: 117930
2010	Open: 138380	Close: 120530	Low: 120530	High: 138380
2009	Open: 170100	Close: 138480	Low: 138480	High: 170100

Questions and Answers about the Phoenix Housing Market Forecast

How much does an average home cost in Phoenix today?

The value of an average home (the listing price) in Phoenix City is 263217 USD.

What is the average price per square foot in Phoenix City?

According to Walletinvestor the median price per square foot in Phoenix City is 146 USD.

Will the median listing price of homes in Phoenix City grow / rise / go up?

Yes. The Phoenix home prices may rise from 263217 USD to 268763 USD in one year.

Is it profitable to invest in Phoenix homes?

Yes. The long-term profit potential is +2.11% in one year.

Will Phoenix house prices fall / drop?

No. See above.

What is the predicted price of a Phoenix home in 2029?

The predicted home sales price of a Phoenix home in 2029 in Phoenix City is 288696 USD.

What is the predicted price of a Phoenix home in 2034?

The predicted home sales price of a Phoenix home in 2034 in Phoenix City is 303968 USD.

Will real estate prices decrease in Phoenix?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Phoenix City is the 7. largest city in the United States, located in Arizona State.

During the last 12 months the real estate prices in Maricopa, Phoenix City increased, looking at the past 12 months.

According to Walletinvestor’s Phoenix real estate market research, home values will decrease in the next 12 months.

Median home values increased by 165.634% to 263217 USD, between 2023-06-30 and 2024-06-30

The average annual profit of property investment was:

6.304% in 2019
-2.453% in 2020
-1.170% in 2021
4.459% in 2022
0.000001% in 2023
0.000001% in 2024

Based on our Phoenix City real estate market research and report the predicted sales prices will increase by 15.482% in the next 10 years.

Over the last 12 months, the value of homes in Phoenix City fluctuated: increasing 6 times and decreasing 6 times.

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Link to this PRoperty Price Prediction:
<a href="https://walletinvestor.com/real-estate-forecast/az/maricopa/phoenix-housing-market">Phoenix Forecast</a>

Phoenix (Arizona State) Property Investment Growth

Phoenix Property Market Information

Recommendations by the previous and the upcoming 36 months: buy or sell a home in Phoenix? See the Phoenix (Arizona State, Maricopa County) property price forecasts, and buy/sell analysis based on the Housing Market and Property Investment report below. According to current data of median home prices: Phoenix's real estate prices and its market environment have been in a bullish cycle in the last 36 months. Our property investment analyst Ai predicts a negative trend in the near future and buying a house in Phoenix is not a good investment for making profit. All the above imply a negative outlook for the Phoenix city property market, and we recommend looking for other cities instead to build a real estate portfolio in Phoenix. Flipping houses for profit in bearish markets is always harder so you might want to avoid these problematic cities if you are not a veteran. Always read up on optimal real estate investment strategies if you are new to investing.

Phoenix Real Estate Price Trends, Housing Market Forecast for next months and years

If you are looking for the best real estate investment opportunities in the State of Arizona, Phoenix City can be a a not so good option. To help you in your decision see the estimated home prices and values in Phoenix City below. Our property price forecasts can help home buyers and sellers make better property investment decisions for 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

	Date	Average price	Minimum price	Maximum price
Phoenix Housing Market Forecast with Real Estate Prices for 2024	August 2024	Open: 264101	Min: 212188	Max: 314602
Phoenix Housing Market Forecast with Real Estate Prices for 2024	September 2024	Open: 264108	Min: 210677	Max: 315498
Phoenix Housing Market Forecast with Real Estate Prices for 2024	October 2024	Open: 264739	Min: 212511	Max: 319836
Phoenix Housing Market Forecast with Real Estate Prices for 2024	November 2024	Open: 265257	Min: 217475	Max: 319109
Phoenix Housing Market Forecast with Real Estate Prices for 2024	December 2024	Open: 265864	Min: 212175	Max: 316519
Phoenix Housing Market Forecast with Real Estate Prices for 2025	January 2025	Open: 266352	Min: 214720	Max: 319406
Phoenix Housing Market Forecast with Real Estate Prices for 2025	February 2025	Open: 266797	Min: 214882	Max: 316653
Phoenix Housing Market Forecast with Real Estate Prices for 2025	March 2025	Open: 267338	Min: 214797	Max: 319040
Phoenix Housing Market Forecast with Real Estate Prices for 2025	April 2025	Open: 267167	Min: 215392	Max: 316782
Phoenix Housing Market Forecast with Real Estate Prices for 2025	May 2025	Open: 267678	Min: 216633	Max: 319586
Phoenix Housing Market Forecast with Real Estate Prices for 2025	June 2025	Open: 268205	Min: 214716	Max: 318126
Phoenix Housing Market Forecast with Real Estate Prices for 2025	July 2025	Open: 268763	Min: 216657	Max: 319027
Phoenix Housing Market Forecast with Real Estate Prices for 2025	August 2025	Open: 269063	Min: 218155	Max: 321620
Phoenix Housing Market Forecast with Real Estate Prices for 2025	September 2025	Open: 269102	Min: 215482	Max: 317984
Phoenix Housing Market Forecast with Real Estate Prices for 2025	October 2025	Open: 269723	Min: 220031	Max: 320193
Phoenix Housing Market Forecast with Real Estate Prices for 2025	November 2025	Open: 270258	Min: 219344	Max: 320339
Phoenix Housing Market Forecast with Real Estate Prices for 2025	December 2025	Open: 270837	Min: 221508	Max: 319440
Phoenix Housing Market Forecast with Real Estate Prices for 2026	January 2026	Open: 271281	Min: 221769	Max: 323044
Phoenix Housing Market Forecast with Real Estate Prices for 2026	February 2026	Open: 271817	Min: 221760	Max: 322821
Phoenix Housing Market Forecast with Real Estate Prices for 2026	March 2026	Open: 272314	Min: 222015	Max: 322004
Phoenix Housing Market Forecast with Real Estate Prices for 2026	April 2026	Open: 272157	Min: 220900	Max: 325780
Phoenix Housing Market Forecast with Real Estate Prices for 2026	May 2026	Open: 272647	Min: 219186	Max: 326726
Phoenix Housing Market Forecast with Real Estate Prices for 2026	June 2026	Open: 273193	Min: 218570	Max: 322711
Phoenix Housing Market Forecast with Real Estate Prices for 2026	July 2026	Open: 273736	Min: 221069	Max: 321892
Phoenix Housing Market Forecast with Real Estate Prices for 2026	August 2026	Open: 274025	Min: 221735	Max: 328620
Phoenix Housing Market Forecast with Real Estate Prices for 2026	September 2026	Open: 274095	Min: 221151	Max: 320312
Phoenix Housing Market Forecast with Real Estate Prices for 2026	October 2026	Open: 274707	Min: 225089	Max: 324379
Phoenix Housing Market Forecast with Real Estate Prices for 2026	November 2026	Open: 275259	Min: 223273	Max: 326906
Phoenix Housing Market Forecast with Real Estate Prices for 2026	December 2026	Open: 275810	Min: 224432	Max: 330818
Phoenix Housing Market Forecast with Real Estate Prices for 2027	January 2027	Open: 276211	Min: 221281	Max: 328474
Phoenix Housing Market Forecast with Real Estate Prices for 2027	February 2027	Open: 276837	Min: 228350	Max: 329201
Phoenix Housing Market Forecast with Real Estate Prices for 2027	March 2027	Open: 277291	Min: 224700	Max: 328251
Phoenix Housing Market Forecast with Real Estate Prices for 2027	April 2027	Open: 277147	Min: 228199	Max: 332131
Phoenix Housing Market Forecast with Real Estate Prices for 2027	May 2027	Open: 277617	Min: 228827	Max: 327481
Phoenix Housing Market Forecast with Real Estate Prices for 2027	June 2027	Open: 278181	Min: 226972	Max: 326405
Phoenix Housing Market Forecast with Real Estate Prices for 2027	July 2027	Open: 278708	Min: 225761	Max: 327736
Phoenix Housing Market Forecast with Real Estate Prices for 2027	August 2027	Open: 278988	Min: 227742	Max: 329441
Phoenix Housing Market Forecast with Real Estate Prices for 2027	September 2027	Open: 279090	Min: 230347	Max: 330848
Phoenix Housing Market Forecast with Real Estate Prices for 2027	October 2027	Open: 279691	Min: 228929	Max: 330966
Phoenix Housing Market Forecast with Real Estate Prices for 2027	November 2027	Open: 280259	Min: 230220	Max: 331480
Phoenix Housing Market Forecast with Real Estate Prices for 2027	December 2027	Open: 280782	Min: 233179	Max: 333225
Phoenix Housing Market Forecast with Real Estate Prices for 2028	January 2028	Open: 281141	Min: 229899	Max: 332252
Phoenix Housing Market Forecast with Real Estate Prices for 2028	February 2028	Open: 281712	Min: 232790	Max: 336990
Phoenix Housing Market Forecast with Real Estate Prices for 2028	March 2028	Open: 282294	Min: 230162	Max: 331662
Phoenix Housing Market Forecast with Real Estate Prices for 2028	April 2028	Open: 282110	Min: 232775	Max: 333865
Phoenix Housing Market Forecast with Real Estate Prices for 2028	May 2028	Open: 282641	Min: 233392	Max: 334563
Phoenix Housing Market Forecast with Real Estate Prices for 2028	June 2028	Open: 283151	Min: 231829	Max: 336242
Phoenix Housing Market Forecast with Real Estate Prices for 2028	July 2028	Open: 283723	Min: 232376	Max: 336914
Phoenix Housing Market Forecast with Real Estate Prices for 2028	August 2028	Open: 284035	Min: 230090	Max: 331203
Phoenix Housing Market Forecast with Real Estate Prices for 2028	September 2028	Open: 284041	Min: 232330	Max: 330320
Phoenix Housing Market Forecast with Real Estate Prices for 2028	October 2028	Open: 284673	Min: 232908	Max: 336451
Phoenix Housing Market Forecast with Real Estate Prices for 2028	November 2028	Open: 285191	Min: 233596	Max: 335582
Phoenix Housing Market Forecast with Real Estate Prices for 2028	December 2028	Open: 285797	Min: 234807	Max: 336251
Phoenix Housing Market Forecast with Real Estate Prices for 2029	January 2029	Open: 286285	Min: 235024	Max: 338085
Phoenix Housing Market Forecast with Real Estate Prices for 2029	February 2029	Open: 286731	Min: 233569	Max: 336705
Phoenix Housing Market Forecast with Real Estate Prices for 2029	March 2029	Open: 287271	Min: 236171	Max: 338906
Phoenix Housing Market Forecast with Real Estate Prices for 2029	April 2029	Open: 287100	Min: 232326	Max: 335219
Phoenix Housing Market Forecast with Real Estate Prices for 2029	May 2029	Open: 287611	Min: 237156	Max: 338964
Phoenix Housing Market Forecast with Real Estate Prices for 2029	June 2029	Open: 288139	Min: 235480	Max: 343572
Phoenix Housing Market Forecast with Real Estate Prices for 2029	July 2029	Open: 288696	Min: 235799	Max: 337098
Phoenix Housing Market Forecast with Real Estate Prices for 2029	August 2029	Open: 288996	Min: 239314	Max: 339096
Phoenix Housing Market Forecast with Real Estate Prices for 2029	September 2029	Open: 289035	Min: 239080	Max: 342487
Phoenix Housing Market Forecast with Real Estate Prices for 2029	October 2029	Open: 289656	Min: 238404	Max: 339393
Phoenix Housing Market Forecast with Real Estate Prices for 2029	November 2029	Open: 290191	Min: 239707	Max: 342132
Phoenix Housing Market Forecast with Real Estate Prices for 2029	December 2029	Open: 290771	Min: 235869	Max: 341191
Phoenix Housing Market Forecast with Real Estate Prices for 2030	January 2030	Open: 291214	Min: 241628	Max: 342889
Phoenix Housing Market Forecast with Real Estate Prices for 2030	February 2030	Open: 291750	Min: 239274	Max: 339040
Phoenix Housing Market Forecast with Real Estate Prices for 2030	March 2030	Open: 292248	Min: 241922	Max: 345524
Phoenix Housing Market Forecast with Real Estate Prices for 2030	April 2030	Open: 292090	Min: 240014	Max: 342801
Phoenix Housing Market Forecast with Real Estate Prices for 2030	May 2030	Open: 292580	Min: 239926	Max: 342752
Phoenix Housing Market Forecast with Real Estate Prices for 2030	June 2030	Open: 293127	Min: 244184	Max: 345145
Phoenix Housing Market Forecast with Real Estate Prices for 2030	July 2030	Open: 293669	Min: 240262	Max: 341641
Phoenix Housing Market Forecast with Real Estate Prices for 2030	August 2030	Open: 293958	Min: 243158	Max: 342544
Phoenix Housing Market Forecast with Real Estate Prices for 2030	September 2030	Open: 294029	Min: 243623	Max: 344554
Phoenix Housing Market Forecast with Real Estate Prices for 2030	October 2030	Open: 294640	Min: 245064	Max: 346313
Phoenix Housing Market Forecast with Real Estate Prices for 2030	November 2030	Open: 295192	Min: 242295	Max: 347942
Phoenix Housing Market Forecast with Real Estate Prices for 2030	December 2030	Open: 295743	Min: 247065	Max: 348652
Phoenix Housing Market Forecast with Real Estate Prices for 2031	January 2031	Open: 296144	Min: 247684	Max: 344790
Phoenix Housing Market Forecast with Real Estate Prices for 2031	February 2031	Open: 296770	Min: 246236	Max: 348582
Phoenix Housing Market Forecast with Real Estate Prices for 2031	March 2031	Open: 297224	Min: 245248	Max: 345282
Phoenix Housing Market Forecast with Real Estate Prices for 2031	April 2031	Open: 297081	Min: 245710	Max: 345619
Phoenix Housing Market Forecast with Real Estate Prices for 2031	May 2031	Open: 297550	Min: 245462	Max: 346734
Phoenix Housing Market Forecast with Real Estate Prices for 2031	June 2031	Open: 298114	Min: 246596	Max: 355580
Phoenix Housing Market Forecast with Real Estate Prices for 2031	July 2031	Open: 298641	Min: 251125	Max: 350975
Phoenix Housing Market Forecast with Real Estate Prices for 2031	August 2031	Open: 298921	Min: 249369	Max: 348490
Phoenix Housing Market Forecast with Real Estate Prices for 2031	September 2031	Open: 299023	Min: 248826	Max: 350892
Phoenix Housing Market Forecast with Real Estate Prices for 2031	October 2031	Open: 299624	Min: 249336	Max: 350309
Phoenix Housing Market Forecast with Real Estate Prices for 2031	November 2031	Open: 300192	Min: 247779	Max: 350018
Phoenix Housing Market Forecast with Real Estate Prices for 2031	December 2031	Open: 300715	Min: 249029	Max: 352319
Phoenix Housing Market Forecast with Real Estate Prices for 2032	January 2032	Open: 301074	Min: 248575	Max: 352439
Phoenix Housing Market Forecast with Real Estate Prices for 2032	February 2032	Open: 301645	Min: 249463	Max: 352808
Phoenix Housing Market Forecast with Real Estate Prices for 2032	March 2032	Open: 302227	Min: 249342	Max: 352823
Phoenix Housing Market Forecast with Real Estate Prices for 2032	April 2032	Open: 302043	Min: 251700	Max: 351504
Phoenix Housing Market Forecast with Real Estate Prices for 2032	May 2032	Open: 302574	Min: 249620	Max: 352635
Phoenix Housing Market Forecast with Real Estate Prices for 2032	June 2032	Open: 303084	Min: 249347	Max: 353995
Phoenix Housing Market Forecast with Real Estate Prices for 2032	July 2032	Open: 303656	Min: 258778	Max: 356176
Phoenix Housing Market Forecast with Real Estate Prices for 2032	August 2032	Open: 303968	Min: 252503	Max: 355454

> Page 2: detailed data / housing market forecast table <

Short-term and long-term Phoenix (Arizona State) housing market predictions may be different due to the different analyzed time series.

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Question Box: How will Phoenix house price increase? Will Phoenix real estate prices go up? Will Phoenix real estate prices fall? Will Phoenix house prices drop? Will Phoenix house prices rise? Is Phoenix housing price going up? Is it time to buy a Phoenix home? When will Phoenix house prices go down? When will Phoenix real estate prices drop?

* Our real estate forecasts and predictions are made by Machine Learning & Ai, and shouldn't been used for financial decisions. We can't guarantee any profit.