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Local News

Arizona home prices increase, trail national prices

Credit: iStock

As of May 2024, home prices in the United States increased 5.1 percent year over year, reaching a median price of $439,716, according to recent data from Redfin

Arizona’s home prices increased by 3.6 percent year over year, reaching a median selling price of $451,500 in May 2024. The Phoenix area has could experience population growth, as a Redfin reports a net inflow of 5,600 people looking to move into the area from March 2024 to May 2024.

To learn more about the Arizona housing market, click here.