Phoenix icon 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: 261207 USD (-0.0531%)

Current Price
1-Year Forecast *
5-Year Forecast *
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 261207 USD on 2024-02-09. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Phoenix" area is 286731 USD by 2029-02-28. For a 5-year investment the profit is expected to be around +9.77% meaning that investing 100000 USD today may yield a profit of 109770 USD by 2029.
Current Median Listing Price: 261207 USD
Median Listing Price Per Square Foot: 145 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 prediction details
Phoenix City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year
Walletinvestor.com

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

Detailed Trend Components of the Phoenix Property Price Forecast and Prognosis

Phoenix prediction details
Detailed Data for the Phoenix City Real Estate Forecast Charts of the Upcoming Months and Year
Walletinvestor.com

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2022Open: 251981Close: 254092Low: 251773High: 254227
2021Open: 255735Close: 252743Low: 252688High: 255735
2020Open: 263070Close: 256617Low: 256617High: 264890
2019Open: 245550Close: 261030Low: 245550High: 261030
2018Open: 230530Close: 244720Low: 230530High: 244720
2017Open: 212970Close: 229000Low: 212970High: 229000
2016Open: 198120Close: 211880Low: 198120High: 211880
2015Open: 179610Close: 196240Low: 179610High: 196240
2014Open: 172080Close: 178930Low: 172080High: 178930
2013Open: 145390Close: 170150Low: 145390High: 170150
2012Open: 111450Close: 142500Low: 111450High: 142500
2011Open: 117930Close: 110540Low: 108880High: 117930
2010Open: 138380Close: 120530Low: 120530High: 138380
2009Open: 170100Close: 138480Low: 138480High: 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 261207 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 145 USD.

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

Yes. The Phoenix home prices may rise from 261207 USD to 266797 USD in one year.

Is it profitable to invest in Phoenix homes?

Yes. The long-term profit potential is +2.14% 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 286731 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 163.606% to 261207 USD, between 2023-01-31 and 2024-01-31

The average annual profit of property investment was:

  • 6.304% in 2019
  • -2.453% in 2020
  • -1.170% in 2021
  • 3.661% 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 16.370% 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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<a href="https://walletinvestor.com/real-estate-forecast/az/maricopa/phoenix-housing-market">Phoenix Forecast</a>

Phoenix icon Phoenix (Arizona State) Property Investment Growth

Phoenix icon 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 icon 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.
DateAverage priceMinimum priceMaximum price
Phoenix Housing Market Forecast with Real Estate Prices for 2024March 2024Open: 262360Min: 210118Max: 317024
Phoenix Housing Market Forecast with Real Estate Prices for 2024April 2024Open: 262177Min: 207323Max: 309583
Phoenix Housing Market Forecast with Real Estate Prices for 2024May 2024Open: 262708Min: 208542Max: 313451
Phoenix Housing Market Forecast with Real Estate Prices for 2024June 2024Open: 263218Min: 213730Max: 315915
Phoenix Housing Market Forecast with Real Estate Prices for 2024July 2024Open: 263790Min: 212191Max: 314265
Phoenix Housing Market Forecast with Real Estate Prices for 2024August 2024Open: 264101Min: 213148Max: 314225
Phoenix Housing Market Forecast with Real Estate Prices for 2024September 2024Open: 264108Min: 214869Max: 317696
Phoenix Housing Market Forecast with Real Estate Prices for 2024October 2024Open: 264739Min: 214497Max: 315623
Phoenix Housing Market Forecast with Real Estate Prices for 2024November 2024Open: 265257Min: 217477Max: 315937
Phoenix Housing Market Forecast with Real Estate Prices for 2024December 2024Open: 265864Min: 217093Max: 317224
Phoenix Housing Market Forecast with Real Estate Prices for 2025January 2025Open: 266352Min: 213191Max: 314702
Phoenix Housing Market Forecast with Real Estate Prices for 2025February 2025Open: 266797Min: 215732Max: 315090
Phoenix Housing Market Forecast with Real Estate Prices for 2025March 2025Open: 267338Min: 217873Max: 319900
Phoenix Housing Market Forecast with Real Estate Prices for 2025April 2025Open: 267167Min: 217955Max: 317027
Phoenix Housing Market Forecast with Real Estate Prices for 2025May 2025Open: 267678Min: 215959Max: 313004
Phoenix Housing Market Forecast with Real Estate Prices for 2025June 2025Open: 268205Min: 219265Max: 318550
Phoenix Housing Market Forecast with Real Estate Prices for 2025July 2025Open: 268763Min: 220435Max: 317773
Phoenix Housing Market Forecast with Real Estate Prices for 2025August 2025Open: 269063Min: 217359Max: 318711
Phoenix Housing Market Forecast with Real Estate Prices for 2025September 2025Open: 269102Min: 215148Max: 321702
Phoenix Housing Market Forecast with Real Estate Prices for 2025October 2025Open: 269723Min: 217892Max: 323395
Phoenix Housing Market Forecast with Real Estate Prices for 2025November 2025Open: 270258Min: 220688Max: 318519
Phoenix Housing Market Forecast with Real Estate Prices for 2025December 2025Open: 270837Min: 217134Max: 318937
Phoenix Housing Market Forecast with Real Estate Prices for 2026January 2026Open: 271281Min: 219908Max: 323301
Phoenix Housing Market Forecast with Real Estate Prices for 2026February 2026Open: 271817Min: 214663Max: 321431
Phoenix Housing Market Forecast with Real Estate Prices for 2026March 2026Open: 272314Min: 224344Max: 320442
Phoenix Housing Market Forecast with Real Estate Prices for 2026April 2026Open: 272157Min: 222528Max: 325939
Phoenix Housing Market Forecast with Real Estate Prices for 2026May 2026Open: 272647Min: 224623Max: 322229
Phoenix Housing Market Forecast with Real Estate Prices for 2026June 2026Open: 273193Min: 221901Max: 322686
Phoenix Housing Market Forecast with Real Estate Prices for 2026July 2026Open: 273736Min: 222926Max: 325077
Phoenix Housing Market Forecast with Real Estate Prices for 2026August 2026Open: 274025Min: 225101Max: 324556
Phoenix Housing Market Forecast with Real Estate Prices for 2026September 2026Open: 274095Min: 222356Max: 322821
Phoenix Housing Market Forecast with Real Estate Prices for 2026October 2026Open: 274707Min: 225148Max: 326395
Phoenix Housing Market Forecast with Real Estate Prices for 2026November 2026Open: 275259Min: 224974Max: 325826
Phoenix Housing Market Forecast with Real Estate Prices for 2026December 2026Open: 275810Min: 226920Max: 324002
Phoenix Housing Market Forecast with Real Estate Prices for 2027January 2027Open: 276211Min: 226436Max: 326686
Phoenix Housing Market Forecast with Real Estate Prices for 2027February 2027Open: 276837Min: 229331Max: 324679
Phoenix Housing Market Forecast with Real Estate Prices for 2027March 2027Open: 277291Min: 226215Max: 325867
Phoenix Housing Market Forecast with Real Estate Prices for 2027April 2027Open: 277147Min: 224398Max: 324965
Phoenix Housing Market Forecast with Real Estate Prices for 2027May 2027Open: 277617Min: 228804Max: 333735
Phoenix Housing Market Forecast with Real Estate Prices for 2027June 2027Open: 278181Min: 224924Max: 329847
Phoenix Housing Market Forecast with Real Estate Prices for 2027July 2027Open: 278708Min: 227586Max: 330534
Phoenix Housing Market Forecast with Real Estate Prices for 2027August 2027Open: 278988Min: 229560Max: 331337
Phoenix Housing Market Forecast with Real Estate Prices for 2027September 2027Open: 279090Min: 228203Max: 326279
Phoenix Housing Market Forecast with Real Estate Prices for 2027October 2027Open: 279691Min: 230066Max: 334807
Phoenix Housing Market Forecast with Real Estate Prices for 2027November 2027Open: 280259Min: 229414Max: 328703
Phoenix Housing Market Forecast with Real Estate Prices for 2027December 2027Open: 280782Min: 233399Max: 332180
Phoenix Housing Market Forecast with Real Estate Prices for 2028January 2028Open: 281141Min: 233752Max: 332633
Phoenix Housing Market Forecast with Real Estate Prices for 2028February 2028Open: 281712Min: 228802Max: 333267
Phoenix Housing Market Forecast with Real Estate Prices for 2028March 2028Open: 282294Min: 230624Max: 334456
Phoenix Housing Market Forecast with Real Estate Prices for 2028April 2028Open: 282110Min: 230709Max: 330230
Phoenix Housing Market Forecast with Real Estate Prices for 2028May 2028Open: 282641Min: 230408Max: 335118
Phoenix Housing Market Forecast with Real Estate Prices for 2028June 2028Open: 283151Min: 232798Max: 334692
Phoenix Housing Market Forecast with Real Estate Prices for 2028July 2028Open: 283723Min: 230750Max: 332906
Phoenix Housing Market Forecast with Real Estate Prices for 2028August 2028Open: 284035Min: 230183Max: 333329
Phoenix Housing Market Forecast with Real Estate Prices for 2028September 2028Open: 284041Min: 230769Max: 335446
Phoenix Housing Market Forecast with Real Estate Prices for 2028October 2028Open: 284673Min: 236373Max: 338334
Phoenix Housing Market Forecast with Real Estate Prices for 2028November 2028Open: 285191Min: 233681Max: 335168
Phoenix Housing Market Forecast with Real Estate Prices for 2028December 2028Open: 285797Min: 235893Max: 337676
Phoenix Housing Market Forecast with Real Estate Prices for 2029January 2029Open: 286285Min: 234598Max: 336999
Phoenix Housing Market Forecast with Real Estate Prices for 2029February 2029Open: 286731Min: 239546Max: 336553
Phoenix Housing Market Forecast with Real Estate Prices for 2029March 2029Open: 287271Min: 241358Max: 336381
Phoenix Housing Market Forecast with Real Estate Prices for 2029April 2029Open: 287100Min: 232135Max: 334745
Phoenix Housing Market Forecast with Real Estate Prices for 2029May 2029Open: 287611Min: 239765Max: 339104
Phoenix Housing Market Forecast with Real Estate Prices for 2029June 2029Open: 288139Min: 236490Max: 335802
Phoenix Housing Market Forecast with Real Estate Prices for 2029July 2029Open: 288696Min: 236242Max: 338528
Phoenix Housing Market Forecast with Real Estate Prices for 2029August 2029Open: 288996Min: 237560Max: 341214
Phoenix Housing Market Forecast with Real Estate Prices for 2029September 2029Open: 289035Min: 240072Max: 340763
Phoenix Housing Market Forecast with Real Estate Prices for 2029October 2029Open: 289656Min: 235530Max: 340523
Phoenix Housing Market Forecast with Real Estate Prices for 2029November 2029Open: 290191Min: 241125Max: 339061
Phoenix Housing Market Forecast with Real Estate Prices for 2029December 2029Open: 290771Min: 239797Max: 342505
Phoenix Housing Market Forecast with Real Estate Prices for 2030January 2030Open: 291214Min: 239320Max: 340424
Phoenix Housing Market Forecast with Real Estate Prices for 2030February 2030Open: 291750Min: 239820Max: 339312
Phoenix Housing Market Forecast with Real Estate Prices for 2030March 2030Open: 292248Min: 241699Max: 340549
Phoenix Housing Market Forecast with Real Estate Prices for 2030April 2030Open: 292090Min: 240146Max: 343673
Phoenix Housing Market Forecast with Real Estate Prices for 2030May 2030Open: 292580Min: 242679Max: 343770
Phoenix Housing Market Forecast with Real Estate Prices for 2030June 2030Open: 293127Min: 241865Max: 344687
Phoenix Housing Market Forecast with Real Estate Prices for 2030July 2030Open: 293669Min: 240419Max: 344073
Phoenix Housing Market Forecast with Real Estate Prices for 2030August 2030Open: 293958Min: 239451Max: 344844
Phoenix Housing Market Forecast with Real Estate Prices for 2030September 2030Open: 294029Min: 243514Max: 345708
Phoenix Housing Market Forecast with Real Estate Prices for 2030October 2030Open: 294640Min: 243951Max: 347764
Phoenix Housing Market Forecast with Real Estate Prices for 2030November 2030Open: 295192Min: 245069Max: 343691
Phoenix Housing Market Forecast with Real Estate Prices for 2030December 2030Open: 295743Min: 247069Max: 346810
Phoenix Housing Market Forecast with Real Estate Prices for 2031January 2031Open: 296144Min: 242855Max: 343653
Phoenix Housing Market Forecast with Real Estate Prices for 2031February 2031Open: 296770Min: 247553Max: 348548
Phoenix Housing Market Forecast with Real Estate Prices for 2031March 2031Open: 297224Min: 245367Max: 345787
Phoenix Housing Market Forecast with Real Estate Prices for 2031April 2031Open: 297081Min: 249864Max: 351353
Phoenix Housing Market Forecast with Real Estate Prices for 2031May 2031Open: 297550Min: 247603Max: 351358
Phoenix Housing Market Forecast with Real Estate Prices for 2031June 2031Open: 298114Min: 247810Max: 350405
Phoenix Housing Market Forecast with Real Estate Prices for 2031July 2031Open: 298641Min: 247552Max: 350659
Phoenix Housing Market Forecast with Real Estate Prices for 2031August 2031Open: 298921Min: 248553Max: 348853
Phoenix Housing Market Forecast with Real Estate Prices for 2031September 2031Open: 299023Min: 244471Max: 351546
Phoenix Housing Market Forecast with Real Estate Prices for 2031October 2031Open: 299624Min: 247253Max: 351492
Phoenix Housing Market Forecast with Real Estate Prices for 2031November 2031Open: 300192Min: 250500Max: 355820
Phoenix Housing Market Forecast with Real Estate Prices for 2031December 2031Open: 300715Min: 251219Max: 352456
Phoenix Housing Market Forecast with Real Estate Prices for 2032January 2032Open: 301074Min: 248752Max: 351633
Phoenix Housing Market Forecast with Real Estate Prices for 2032February 2032Open: 301645Min: 254540Max: 349611
Phoenix Housing Market Forecast with Real Estate Prices for 2032March 2032Open: 302227Min: 249729Max: 350873
Phoenix Housing Market Forecast with Real Estate Prices for 2032April 2032Open: 302043Min: 250946Max: 354266
Phoenix Housing Market Forecast with Real Estate Prices for 2032May 2032Open: 302574Min: 251138Max: 355302
Phoenix Housing Market Forecast with Real Estate Prices for 2032June 2032Open: 303084Min: 251945Max: 356006
Phoenix Housing Market Forecast with Real Estate Prices for 2032July 2032Open: 303656Min: 254655Max: 359549
Phoenix Housing Market Forecast with Real Estate Prices for 2032August 2032Open: 303968Min: 252776Max: 354564

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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?