Homes For Sale in Phoenix-What’s Hot, What’s Not?

Homes for Sale in Metro Phoenix

A graphic look at housing affordability in Metro Phoenix

Let’s take a look at the current inventory of homes for sale in Phoenix…What’s hot and what’s not?

There are currently more than 17,600 homes for sale in Maricopa County. When you look at the mix of price ranges on a map, you can see a heat map forming representing affordability across the Valley. For homes in price of $200K or less, your best bet is the West side. If you want to live in the East Valley – Mesa, Tempe, Gilbert or Chandler, you are going to need to spend a few more bucks – most homes are $200K and above.  If you want to drop some serious dollars on your new house, northeast Phoenix and Scottsdale are the places to look.

In Central Phoenix, there is a broad mix of price ranges represented, however the inventory virtually disappears if you are looking for a newer single family home.

Homes for Sale in Phoenix

Single Family Homes in Central Phoenix

Homes for Sale in Phoenix - Built After 2000

Homes for Sale in Phoenix – Built After 2000

Homes for Sale in Phoenix - Built After 1978

Homes for Sale in Phoenix – Built After 1978

Homes at the lower price ranges are disappearing fast.  Single family homes priced below $150K are in increasingly short supply, and homes between the $150K-$200K are fast becoming an endangered species. The sweet spot of inventory between $250K and $400K is relatively unchanged in the last year. For those lucky luxury home shoppers looking at homes for $1Million, inventory is up. Isn’t that the way it always works?

Homes for Sale in Metro Phoenix - Current Inventory by Price Range

Homes for Sale in Metro Phoenix – Current Inventory by Price Range

With a nod to affordability, the news is still positive for buyers.  The most recent Home Opportunity Index (HOI) released by the National Association of Home Builders and Wells Fargo, which measures buyer affordability, measured 70.9 for Phoenix compared to 62.2 nationally.  This indicates that a family making the median household income in Phoenix (reported at $64,000 annually) could afford 70.9% of the homes sold in the 3rd Quarter of 2015 given today’s lending standards.  A normal range is between 60-75%.

Here’s a list of those rare unicorn listings…single family homes in Central Phoenix, built after 2000.

Displaying 1 - 15 of 454 results.
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1555 E Ocotillo Road, Phoenix 85014, 16TH Street And Ocotillo

  • $633,453
  • Bedrooms: 4, Baths: 3
  • Home size: 2,515
  • Lot size: 3,250
  • Year built: 2018
  • MLS #: 5763682
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1555 E Ocotillo Road, Phoenix 85014, 16TH Street And Ocotillo

  • $668,185
  • Bedrooms: 3, Baths: 3
  • Home size: 2,432
  • Lot size: 3,911
  • Year built: 2018
  • MLS #: 5766913
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2140 E Palm Lane, Phoenix 85006, Green Gables Annex

  • $374,900
  • Bedrooms: 3, Baths: 3
  • Home size: 1,850
  • Lot size: 6,131
  • Year built: 2018
  • MLS #: 5780786
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2842 E Saguaro Park Lane, Phoenix 85024, Desert Peak Unit 3

  • $419,000
  • Bedrooms: 4, Baths: 3
  • Home size: 2,773
  • Lot size: 6,634
  • Year built: 2007
  • MLS #: 5763080
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20705 N 37th Way, Phoenix 85050, Wildcat Ridge

  • $358,000
  • Bedrooms: 4, Baths: 3
  • Home size: 2,041
  • Lot size: 4,949
  • Year built: 2000
  • MLS #: 5762129
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4101 E Fanfol Drive, Phoenix 85028, Phoenix Mountain Preserve

  • $1,395,000
  • Bedrooms: 4, Baths: 4.5
  • Home size: 5,218
  • Lot size: 23,522
  • Year built: 2001
  • MLS #: 5772417
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3942 E Cat Balue Drive, Phoenix 85050, Desert Ridge Fireside

  • $334,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 1,654
  • Lot size: 2,631
  • Year built: 2009
  • MLS #: 5762766
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3807 E Quail Avenue, Phoenix 85050, Desert Ridge Superblock 11 Parcel 3

  • $665,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 3,537
  • Lot size: 7,114
  • Year built: 2008
  • MLS #: 5767445
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2119 E Vista Bonita Drive, Phoenix 85024, Boulder Creek AT Desert Foothills

  • $629,500
  • Bedrooms: 4, Baths: 3.5
  • Home size: 4,028
  • Lot size: 9,425
  • Year built: 2000
  • MLS #: 5783208
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4373 E Selena Drive, Phoenix 85050, Tatum Village Amd

  • $329,750
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,002
  • Lot size: 3,090
  • Year built: 2007
  • MLS #: 5759569
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8135 N 13th Way, Phoenix 85020, Villas AT Northern Heights

  • $409,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,511
  • Lot size: 4,332
  • Year built: 2005
  • MLS #: 5750416
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6606 N 10th Street, Phoenix 85014, East Orangewood Lot 23

  • $649,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 2,596
  • Lot size: 8,269
  • Year built: 2017
  • MLS #: 5707983
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1904 E Muriel Drive, Phoenix 85022, Starlight Ranch

  • $279,000
  • Bedrooms: 4, Baths: 2.5
  • Home size: 2,129
  • Lot size: 4,564
  • Year built: 2005
  • MLS #: 5784680
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4388 E Renee Drive, Phoenix 85050, Tatum Village

  • $349,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 2,171
  • Lot size: 3,090
  • Year built: 2007
  • MLS #: 5779674
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4377 E Rosemonte Drive, Phoenix 85050, Tatum Village Amd

  • $297,500
  • Bedrooms: 2, Baths: 2.5
  • Home size: 1,275
  • Lot size: 3,090
  • Year built: 2007
  • MLS #: 5782711
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Copyright 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

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ARMLS Listing Data last updated 6/25/2018 1:37 PM MST.

Kristin LaVanway
480-282-7464
kristin@hereinphoenix.com