I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Arizona
💡 Key Arizona housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $431,492[1] | #15 of 50 states | 17.1% higher |
Median Listing Price | $496,225[2] | #17 of 50 states | 11.9% higher |
Median Sale Price | $456,900[3] | #18 of 50 states | 8.1% higher |
30 Year Mortgage Rate | 7.03%[4] | #34 of 50 states | 0.8% higher |
Median Days on Market | 58[5] | #32 of 50 states | 7.7% longer |
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🗺️ Buying a house in the Arizona real estate market
Arizona has an affordability score of 7.4, meaning it takes 7.4 years of the median household income ($61,529) to afford Arizona's median home sale price ($456,900). Because of this, we rank Arizona as the 14th least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $456,900[6] | #18 of 50 states | 8.1% higher |
30 Year Mortgage Rate | 7.03%[7] | #34 of 50 states | 0.8% higher |
Median Household Income | $61,529[8] | #28 of 50 states | 4.6% lower |
Affordability Ratio | 7.4 | #37 of 50 states | 15.2% higher |
Buyers Agent Commission | 2.62%[9] | #39 of 50 states | 3.2% higher |
Resources for Arizona home buyers
Preparing to buy in Arizona
🗺️ Selling a house in the Arizona real estate market
According to our detailed survey of Arizona real estate agents, listing agents (those representing the seller) charge an average commission in Arizona of 2.78%, which is the 19th highest in the United States. Buyers' agents charge an average commission of 2.62%, which is the 12th highest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $496,225[10] | #17 of 50 states | 11.9% higher |
Median Sale Price | $456,900[11] | #18 of 50 states | 8.1% higher |
Median Days on Market | 58[12] | #32 of 50 states | 7.7% longer |
Buyer's Agent Commission | 2.62%[13] | #39 of 50 states | 3.2% higher |
Listing Agent Commission | 2.78%[14] | #32 of 50 states | 2.1% higher |
Resources for Arizona home sellers
Preparing to sell in Arizona
- 8 Steps to Selling a House in Arizona
- Average Time to Sell a House in Arizona
- When Is the Best Time to Sell a House in Arizona?
- Top Real Estate Agents in Arizona
Arizona home selling costs and requirements
Moving to Arizona
According to our recent moving trends survey[15], Arizona is the 9th most desirable state to move to, with 14% of Americans indicating that they would choose to move there if money were no object. Likewise, 9% of survey respondents indicated that they would move to Phoenix among a choice of America's largest cities.
Here's how Arizona cities rank in a number of our research studies.
Study | Best Arizona city | Rank |
Best Pizza Cities[16] | Phoenix | 12th best |
Best Coffee Cities[17] | Phoenix | 39th best |
Best LGBTQ Cities[18] | Phoenix | 36th best |
Best Bike Cities[19] | Phoenix | 46th best |
Best Commuter Cities[20] | Phoenix | 40th best |