The median sales price for homes in Phoenix AZ for Aug 13 to Nov 13 was $162,500. This represents a decline of 3.3%, or $5,500, compared to the prior quarter and an increase of 14% compared to the prior year. Sales prices have appreciated 8.3% over the last 5 years in Phoenix. The average listing price for Phoenix homes for sale on Trulia was $283,672 for the week ending Nov 27, which represents a decline of 2.6%, or $7,468, compared to the prior week and a decline of 2.3%, or $6,614, compared to the week ending Nov 06. Average price per square foot for Phoenix AZ was $118, an increase of 20.4% compared to the same period last year. Popular neighborhoods in Phoenix include Camelback East, Paradise Valley, North Mountain, Ahwatukee Foothills, Alhambra, and Deer Valley.