This table ranks the cities by their annual average sales price per square foot. Only single family detached homes are included in these numbers. Information for the 12 major and 17 secondary cities is current as of the date shown. Data for the 14 small cities is updated on a monthly basis, and is measured on the 13th of each month.
The primary function of this table is to show the least and most affordable areas in the Phoenix metropolitan area together with longer term pricing trends.
Annual averages are based on a relatively large number of sales. Therefore they are not as subject to rapid change as monthly averages. The downside is that they do not necessarily represent the current market very accurately, since they include sales from up to a year ago. Pricing may have moved a great deal since then.
Note that Higley has been included in Gilbert and Ahwatukee included in Phoenix. Desert Hills is still counted separately though it is increasingly being incorporated into Phoenix.
All statistics are for single family detached homes recorded on ARMLS as sold in the city shown.
Annual Average $/SF Now means the average sales price per square foot computed for the homes sold in the most recently measured 365 day period.
Annual Average $/SF Last Year means the average sales price per square foot computed for the homes sold in the same period one year earlier.
If the period includes February 29 then 366 days is used instead of 365.