Arizona Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 16th, 2021
Updated July 16th, 2021

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Arizona real estate trends

Real estate trends in Arizona | Sellers | Buyers | Investors | The best and worst of Arizona | Arizona resources

Arizona real estate trends (July 2021)

How is the real estate market in Arizona?
🏠 Average home value: $351,661
📈 2.86% home value increase month over month
💰 Median sale price: $374,000
⏳ 41 days on the market
🔑 Homes on the market: 7,937
📆 0.5 months of housing inventory
🏦 30-year mortgage rate: 2.77%
💵 Average income: $58,945
State of the market: A
Arizona’s been one of the hottest real estate markets in the U.S. for a while now, and it looks like that hot streak is set to continue for quite a while. Inventory is extremely low, listing prices are far above home values, and the state’s population is one of the fastest-growing in the country.
*Data last updated July 2021

Arizona is a major destination for retirees — and anyone who loves spending time in the great outdoors.

From Flagstaff’s pine forests to Sedona’s red mesas, Arizona offers a wide variety of dramatic landscapes. The Grand Canyon State boasts an impressive 34 state parks and 3 National Parks: Saguaro, Petrified Forest, and Grand Canyon.

Though some parts of the state have snowy winters, Arizona’s relatively moderate climate provides opportunities for outdoor activities year-round.

If you're thinking of buying or selling in Arizona, these Arizona housing predictions and stats can help you make an informed decision.

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Selling a home in Arizona

Arizona real estate market forecast for sellers
⏰ Homes are selling 10.5 days faster than the annual average
💰 Homes are selling for $33,039 more than the annual average
💸 Average listing commission: 2.64%
💸 Average buyer's commission: 2.73%

How to sell a home in Arizona

Cost to sell a home in Arizona

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Buying a home in Arizona

How much home you can buy with $300,000 in...
🏠 Phoenix: 1,219 sq ft
🏡 Prescott: 1,100 sq ft
🏡 Tucson: 1,532 sq ft
🏠 Flagstaff: 982 sq ft

Investing in Arizona real estate

Best of Arizona

Each month, we compare cities in Arizona based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Arizona
1. Sierra Vista-Douglas
2. Tucson
3. Yuma
4. Phoenix-Mesa-Chandler

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Worst of Arizona

Each month, we compare cities in Arizona based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Arizona
1. Prescott Valley-Prescott
2. Flagstaff
3. Show Low
4. Lake Havasu City-Kingman

Arizona resources

👋 Next Steps: Talk to an expert!

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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