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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: ▼258247 USD (-0.0531%)

Current Price
▼258247 USD
1-Year Forecast *
▲263790 USD
5-Year Forecast *
▲283723 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 258247 USD on 2023-07-14. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Phoenix" area is 283723 USD by 2028-07-31. For a 5-year investment the profit is expected to be around +9.86% meaning that investing 100000 USD today may yield a profit of 109860 USD by 2028.
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Current Median Listing Price: 258247 USD
Median Listing Price Per Square Foot: 143 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

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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 258247 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 143 USD.

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

Yes. The Phoenix home prices may rise from 258247 USD to 263790 USD in one year.

Is it profitable to invest in Phoenix homes?

Yes. The long-term profit potential is +2.15% in one year.

Will Phoenix house prices fall / drop?

No. See above.

What is the predicted price of a Phoenix home in 2028?

The predicted home sales price of a Phoenix home in 2028 in Phoenix City is 283723 USD.

What is the predicted price of a Phoenix home in 2033?

The predicted home sales price of a Phoenix home in 2033 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 1.581% to 258247 USD, between 2022-06-30 and 2023-06-30

The average annual profit of property investment was:

  • 6.155% in 2018
  • 6.304% in 2019
  • -2.453% in 2020
  • -1.170% in 2021
  • 2.487% in 2022
  • 0.000001% in 2023

Based on our Phoenix City real estate market research and report the predicted sales prices will increase by 17.704% 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 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 bearish cycle 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 2023August 2023Open: 259054Min: 207704Max: 312246
Phoenix Housing Market Forecast with Real Estate Prices for 2023September 2023Open: 259157Min: 211103Max: 311476
Phoenix Housing Market Forecast with Real Estate Prices for 2023October 2023Open: 259758Min: 209926Max: 310328
Phoenix Housing Market Forecast with Real Estate Prices for 2023November 2023Open: 260326Min: 207106Max: 313638
Phoenix Housing Market Forecast with Real Estate Prices for 2023December 2023Open: 260849Min: 212482Max: 313974
Phoenix Housing Market Forecast with Real Estate Prices for 2024January 2024Open: 261207Min: 212595Max: 311345
Phoenix Housing Market Forecast with Real Estate Prices for 2024February 2024Open: 261779Min: 207568Max: 311675
Phoenix Housing Market Forecast with Real Estate Prices for 2024March 2024Open: 262360Min: 210592Max: 317657
Phoenix Housing Market Forecast with Real Estate Prices for 2024April 2024Open: 262177Min: 210661Max: 314744
Phoenix Housing Market Forecast with Real Estate Prices for 2024May 2024Open: 262708Min: 212959Max: 311519
Phoenix Housing Market Forecast with Real Estate Prices for 2024June 2024Open: 263218Min: 212608Max: 314626
Phoenix Housing Market Forecast with Real Estate Prices for 2024July 2024Open: 263790Min: 217132Max: 314064
Phoenix Housing Market Forecast with Real Estate Prices for 2024August 2024Open: 264101Min: 214645Max: 317408
Phoenix Housing Market Forecast with Real Estate Prices for 2024September 2024Open: 264108Min: 211665Max: 315550
Phoenix Housing Market Forecast with Real Estate Prices for 2024October 2024Open: 264739Min: 218286Max: 314131
Phoenix Housing Market Forecast with Real Estate Prices for 2024November 2024Open: 265257Min: 214736Max: 315797
Phoenix Housing Market Forecast with Real Estate Prices for 2024December 2024Open: 265864Min: 213143Max: 313973
Phoenix Housing Market Forecast with Real Estate Prices for 2025January 2025Open: 266352Min: 216134Max: 315629
Phoenix Housing Market Forecast with Real Estate Prices for 2025February 2025Open: 266797Min: 220121Max: 317508
Phoenix Housing Market Forecast with Real Estate Prices for 2025March 2025Open: 267338Min: 219919Max: 313810
Phoenix Housing Market Forecast with Real Estate Prices for 2025April 2025Open: 267167Min: 213897Max: 318279
Phoenix Housing Market Forecast with Real Estate Prices for 2025May 2025Open: 267678Min: 213801Max: 317207
Phoenix Housing Market Forecast with Real Estate Prices for 2025June 2025Open: 268205Min: 216557Max: 316335
Phoenix Housing Market Forecast with Real Estate Prices for 2025July 2025Open: 268763Min: 221632Max: 320857
Phoenix Housing Market Forecast with Real Estate Prices for 2025August 2025Open: 269063Min: 220526Max: 318837
Phoenix Housing Market Forecast with Real Estate Prices for 2025September 2025Open: 269102Min: 219001Max: 319003
Phoenix Housing Market Forecast with Real Estate Prices for 2025October 2025Open: 269723Min: 220247Max: 319725
Phoenix Housing Market Forecast with Real Estate Prices for 2025November 2025Open: 270258Min: 221401Max: 321139
Phoenix Housing Market Forecast with Real Estate Prices for 2025December 2025Open: 270837Min: 216429Max: 322373
Phoenix Housing Market Forecast with Real Estate Prices for 2026January 2026Open: 271281Min: 218423Max: 316071
Phoenix Housing Market Forecast with Real Estate Prices for 2026February 2026Open: 271817Min: 223455Max: 320770
Phoenix Housing Market Forecast with Real Estate Prices for 2026March 2026Open: 272314Min: 223055Max: 324742
Phoenix Housing Market Forecast with Real Estate Prices for 2026April 2026Open: 272157Min: 222432Max: 319963
Phoenix Housing Market Forecast with Real Estate Prices for 2026May 2026Open: 272647Min: 226961Max: 326910
Phoenix Housing Market Forecast with Real Estate Prices for 2026June 2026Open: 273193Min: 223465Max: 321250
Phoenix Housing Market Forecast with Real Estate Prices for 2026July 2026Open: 273736Min: 222559Max: 324666
Phoenix Housing Market Forecast with Real Estate Prices for 2026August 2026Open: 274025Min: 223528Max: 321291
Phoenix Housing Market Forecast with Real Estate Prices for 2026September 2026Open: 274095Min: 220865Max: 322783
Phoenix Housing Market Forecast with Real Estate Prices for 2026October 2026Open: 274707Min: 225886Max: 324734
Phoenix Housing Market Forecast with Real Estate Prices for 2026November 2026Open: 275259Min: 226569Max: 323515
Phoenix Housing Market Forecast with Real Estate Prices for 2026December 2026Open: 275810Min: 224930Max: 325885
Phoenix Housing Market Forecast with Real Estate Prices for 2027January 2027Open: 276211Min: 223756Max: 326450
Phoenix Housing Market Forecast with Real Estate Prices for 2027February 2027Open: 276837Min: 221277Max: 326815
Phoenix Housing Market Forecast with Real Estate Prices for 2027March 2027Open: 277291Min: 230009Max: 330563
Phoenix Housing Market Forecast with Real Estate Prices for 2027April 2027Open: 277147Min: 228872Max: 328163
Phoenix Housing Market Forecast with Real Estate Prices for 2027May 2027Open: 277617Min: 231315Max: 327065
Phoenix Housing Market Forecast with Real Estate Prices for 2027June 2027Open: 278181Min: 225937Max: 326317
Phoenix Housing Market Forecast with Real Estate Prices for 2027July 2027Open: 278708Min: 226575Max: 326392
Phoenix Housing Market Forecast with Real Estate Prices for 2027August 2027Open: 278988Min: 228787Max: 330658
Phoenix Housing Market Forecast with Real Estate Prices for 2027September 2027Open: 279090Min: 228738Max: 330237
Phoenix Housing Market Forecast with Real Estate Prices for 2027October 2027Open: 279691Min: 226060Max: 329905
Phoenix Housing Market Forecast with Real Estate Prices for 2027November 2027Open: 280259Min: 229301Max: 329637
Phoenix Housing Market Forecast with Real Estate Prices for 2027December 2027Open: 280782Min: 230565Max: 335683
Phoenix Housing Market Forecast with Real Estate Prices for 2028January 2028Open: 281141Min: 229303Max: 336274
Phoenix Housing Market Forecast with Real Estate Prices for 2028February 2028Open: 281712Min: 232475Max: 330937
Phoenix Housing Market Forecast with Real Estate Prices for 2028March 2028Open: 282294Min: 232789Max: 336962
Phoenix Housing Market Forecast with Real Estate Prices for 2028April 2028Open: 282110Min: 231979Max: 330703
Phoenix Housing Market Forecast with Real Estate Prices for 2028May 2028Open: 282641Min: 226264Max: 329886
Phoenix Housing Market Forecast with Real Estate Prices for 2028June 2028Open: 283151Min: 230737Max: 336207
Phoenix Housing Market Forecast with Real Estate Prices for 2028July 2028Open: 283723Min: 232413Max: 332822
Phoenix Housing Market Forecast with Real Estate Prices for 2028August 2028Open: 284035Min: 230215Max: 336449
Phoenix Housing Market Forecast with Real Estate Prices for 2028September 2028Open: 284041Min: 235888Max: 336259
Phoenix Housing Market Forecast with Real Estate Prices for 2028October 2028Open: 284673Min: 234613Max: 332780
Phoenix Housing Market Forecast with Real Estate Prices for 2028November 2028Open: 285191Min: 234653Max: 338101
Phoenix Housing Market Forecast with Real Estate Prices for 2028December 2028Open: 285797Min: 236236Max: 333210
Phoenix Housing Market Forecast with Real Estate Prices for 2029January 2029Open: 286285Min: 230895Max: 338274
Phoenix Housing Market Forecast with Real Estate Prices for 2029February 2029Open: 286731Min: 235816Max: 337400
Phoenix Housing Market Forecast with Real Estate Prices for 2029March 2029Open: 287271Min: 238414Max: 337380
Phoenix Housing Market Forecast with Real Estate Prices for 2029April 2029Open: 287100Min: 240595Max: 334282
Phoenix Housing Market Forecast with Real Estate Prices for 2029May 2029Open: 287611Min: 241207Max: 339728
Phoenix Housing Market Forecast with Real Estate Prices for 2029June 2029Open: 288139Min: 236030Max: 339958
Phoenix Housing Market Forecast with Real Estate Prices for 2029July 2029Open: 288696Min: 238088Max: 343909
Phoenix Housing Market Forecast with Real Estate Prices for 2029August 2029Open: 288996Min: 240270Max: 341153
Phoenix Housing Market Forecast with Real Estate Prices for 2029September 2029Open: 289035Min: 238018Max: 337032
Phoenix Housing Market Forecast with Real Estate Prices for 2029October 2029Open: 289656Min: 238515Max: 339793
Phoenix Housing Market Forecast with Real Estate Prices for 2029November 2029Open: 290191Min: 239465Max: 338389
Phoenix Housing Market Forecast with Real Estate Prices for 2029December 2029Open: 290771Min: 241177Max: 339624
Phoenix Housing Market Forecast with Real Estate Prices for 2030January 2030Open: 291214Min: 239546Max: 344702
Phoenix Housing Market Forecast with Real Estate Prices for 2030February 2030Open: 291750Min: 241421Max: 346025
Phoenix Housing Market Forecast with Real Estate Prices for 2030March 2030Open: 292248Min: 239789Max: 340320
Phoenix Housing Market Forecast with Real Estate Prices for 2030April 2030Open: 292090Min: 240920Max: 343215
Phoenix Housing Market Forecast with Real Estate Prices for 2030May 2030Open: 292580Min: 240615Max: 343802
Phoenix Housing Market Forecast with Real Estate Prices for 2030June 2030Open: 293127Min: 244248Max: 342130
Phoenix Housing Market Forecast with Real Estate Prices for 2030July 2030Open: 293669Min: 242045Max: 345212
Phoenix Housing Market Forecast with Real Estate Prices for 2030August 2030Open: 293958Min: 241189Max: 347484
Phoenix Housing Market Forecast with Real Estate Prices for 2030September 2030Open: 294029Min: 243604Max: 341798
Phoenix Housing Market Forecast with Real Estate Prices for 2030October 2030Open: 294640Min: 246694Max: 347460
Phoenix Housing Market Forecast with Real Estate Prices for 2030November 2030Open: 295192Min: 244986Max: 344432
Phoenix Housing Market Forecast with Real Estate Prices for 2030December 2030Open: 295743Min: 247104Max: 347082
Phoenix Housing Market Forecast with Real Estate Prices for 2031January 2031Open: 296144Min: 245173Max: 348964
Phoenix Housing Market Forecast with Real Estate Prices for 2031February 2031Open: 296770Min: 248394Max: 345853
Phoenix Housing Market Forecast with Real Estate Prices for 2031March 2031Open: 297224Min: 249450Max: 346473
Phoenix Housing Market Forecast with Real Estate Prices for 2031April 2031Open: 297081Min: 250072Max: 351690
Phoenix Housing Market Forecast with Real Estate Prices for 2031May 2031Open: 297550Min: 244923Max: 349389
Phoenix Housing Market Forecast with Real Estate Prices for 2031June 2031Open: 298114Min: 247533Max: 348597
Phoenix Housing Market Forecast with Real Estate Prices for 2031July 2031Open: 298641Min: 244880Max: 347906
Phoenix Housing Market Forecast with Real Estate Prices for 2031August 2031Open: 298921Min: 250711Max: 348246
Phoenix Housing Market Forecast with Real Estate Prices for 2031September 2031Open: 299023Min: 244595Max: 349188
Phoenix Housing Market Forecast with Real Estate Prices for 2031October 2031Open: 299624Min: 247562Max: 349618
Phoenix Housing Market Forecast with Real Estate Prices for 2031November 2031Open: 300192Min: 247066Max: 350873
Phoenix Housing Market Forecast with Real Estate Prices for 2031December 2031Open: 300715Min: 249580Max: 349841
Phoenix Housing Market Forecast with Real Estate Prices for 2032January 2032Open: 301074Min: 250447Max: 348916
Phoenix Housing Market Forecast with Real Estate Prices for 2032February 2032Open: 301645Min: 253801Max: 350811
Phoenix Housing Market Forecast with Real Estate Prices for 2032March 2032Open: 302227Min: 250644Max: 351378
Phoenix Housing Market Forecast with Real Estate Prices for 2032April 2032Open: 302043Min: 250703Max: 355668
Phoenix Housing Market Forecast with Real Estate Prices for 2032May 2032Open: 302574Min: 254168Max: 353423
Phoenix Housing Market Forecast with Real Estate Prices for 2032June 2032Open: 303084Min: 249987Max: 351448
Phoenix Housing Market Forecast with Real Estate Prices for 2032July 2032Open: 303656Min: 253950Max: 352684
Phoenix Housing Market Forecast with Real Estate Prices for 2032August 2032Open: 303968Min: 252264Max: 357840
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.