Arizona Real Estate & Property Data

Arizona Real Estate Market Trends
Last Updated: May 19, 2024

Get access to Arizona real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 150,004 residential properties sold in the Arizona real estate market over the past 12 months. As of March 2024, the median home price in AZ on single-family homes is $436,782. The median single-family home value for properties over the last 12 months is $446,916. Currently, the State of Arizona has 575 properties in foreclosure and 21 REOs (real estate bank owned).

See how easy it is to locate target properties in AZ, build bespoke property reports, and create marketing lists from ATTOM’s Arizona real estate data.

Arizona Real Estate Market Trends
Total Residential Properties 2,474,586
Total Commercial Properties 122,022
Avg. Home Age (Single Family Home) 33 Years
Avg. Square Feet (Single Family Home) 1,989
Total 2024 Residential Sales (year-to-date) 32,856
% of Homes Seriously Underwater (Q2 2024) 0.8%
Total 2023 Residential Sales 136,896
% of Equity Rich Homes (Q2 2024) 42.91%
Effective 2023 Property Tax 0.39%
Total Foreclosure Filings (year-to-date) 1,586
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Arizona Real Estate Overview

There were 150,004 residential properties sold in the past year in Arizona. The median home value in Arizona is $446,916. There are a total of 2,474,586 residential properties in the AZ.

Median Sales Price i
$436,782
(Mar 2024)
+5.2%
year-over-year
y-o-y
  • March '24 Mar '24 $436,782
  • February '24 Feb '24 $425,112
  • January '24 Jan '24 $420,000
  • December '23 Dec '23 $420,000
  • November '23 Nov '23 $425,000
  • October '23 Oct '23 $430,000
  • September '23 Sep '23 $430,500
  • August '23 Aug '23 $433,000
  • July '23 Jul '23 $435,250
  • June '23 Jun '23 $440,000
  • May '23 May '23 $435,000
  • April '23 Apr '23 $425,000
Median Down Payment i
$66,317
(Mar 2024)
+10.5%
year-over-year
y-o-y
  • March '24 Mar '24 $66,317
  • February '24 Feb '24 $63,450
  • January '24 Jan '24 $62,800
  • December '23 Dec '23 $66,800
  • November '23 Nov '23 $70,702
  • October '23 Oct '23 $71,000
  • September '23 Sep '23 $70,000
  • August '23 Aug '23 $68,000
  • July '23 Jul '23 $65,500
  • June '23 Jun '23 $65,299
  • May '23 May '23 $63,500
  • April '23 Apr '23 $59,200
Number of Homes Sold i
12,945
(Mar 2024)
-7.3%
year-over-year
y-o-y
  • March '24 Mar '24 12,945
  • February '24 Feb '24 10,924
  • January '24 Jan '24 8,987
  • December '23 Dec '23 9,156
  • November '23 Nov '23 9,106
  • October '23 Oct '23 10,189
  • September '23 Sep '23 10,404
  • August '23 Aug '23 12,086
  • July '23 Jul '23 11,256
  • June '23 Jun '23 13,727
  • May '23 May '23 14,719
  • April '23 Apr '23 12,536
Number of Purchase Loans i
9,002
(Mar 2024)
-9.7%
year-over-year
y-o-y
  • March '24 Mar '24 9,002
  • February '24 Feb '24 7,405
  • January '24 Jan '24 5,780
  • December '23 Dec '23 6,435
  • November '23 Nov '23 5,559
  • October '23 Oct '23 6,639
  • September '23 Sep '23 7,045
  • August '23 Aug '23 8,265
  • July '23 Jul '23 7,943
  • June '23 Jun '23 9,593
  • May '23 May '23 10,190
  • April '23 Apr '23 8,522
Number of REFI Loans i
4,335
(Mar 2024)
+19.2%
year-over-year
y-o-y
  • March '24 Mar '24 4,335
  • February '24 Feb '24 3,998
  • January '24 Jan '24 3,674
  • December '23 Dec '23 3,400
  • November '23 Nov '23 3,340
  • October '23 Oct '23 3,864
  • September '23 Sep '23 3,631
  • August '23 Aug '23 4,458
  • July '23 Jul '23 3,571
  • June '23 Jun '23 3,809
  • May '23 May '23 3,649
  • April '23 Apr '23 2,998
Number of HELOC Loans i
2,459
(Mar 2024)
+1.7%
year-over-year
y-o-y
  • March '24 Mar '24 2,459
  • February '24 Feb '24 2,140
  • January '24 Jan '24 1,989
  • December '23 Dec '23 2,075
  • November '23 Nov '23 2,317
  • October '23 Oct '23 2,435
  • September '23 Sep '23 2,443
  • August '23 Aug '23 2,670
  • July '23 Jul '23 2,294
  • June '23 Jun '23 2,372
  • May '23 May '23 2,589
  • April '23 Apr '23 2,310

Arizona Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

Arizona Foreclosure Activity

There were a total of 575 Arizona properties with a foreclosure filing in March 2024. Lenders started the foreclosure process on 575 Arizona properties and repossessed 21 Arizona properties through completed foreclosures (REOs) in March 2024.

Total Foreclosure Filings i
575
(Mar 2024)
-11.5%
year-over-year
y-o-y
  • March '24 Mar '24 575
  • February '24 Feb '24 506
  • January '24 Jan '24 505
  • December '23 Dec '23 464
  • November '23 Nov '23 476
  • October '23 Oct '23 527
  • September '23 Sep '23 512
  • August '23 Aug '23 469
  • July '23 Jul '23 483
  • June '23 Jun '23 426
  • May '23 May '23 432
  • April '23 Apr '23 528
Foreclosure Starts i
575
(Mar 2024)
-11.5%
year-over-year
y-o-y
  • March '24 Mar '24 575
  • February '24 Feb '24 506
  • January '24 Jan '24 505
  • December '23 Dec '23 464
  • November '23 Nov '23 476
  • October '23 Oct '23 527
  • September '23 Sep '23 512
  • August '23 Aug '23 469
  • July '23 Jul '23 483
  • June '23 Jun '23 426
  • May '23 May '23 432
  • April '23 Apr '23 528
Completed Foreclosures (REOs) i
21
(Mar 2024)
-25%
year-over-year
y-o-y
  • March '24 Mar '24 21
  • February '24 Feb '24 18
  • January '24 Jan '24 21
  • December '23 Dec '23 21
  • November '23 Nov '23 8
  • October '23 Oct '23 6
  • September '23 Sep '23 22
  • August '23 Aug '23 18
  • July '23 Jul '23 22
  • June '23 Jun '23 18
  • May '23 May '23 24
  • April '23 Apr '23 12
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