The median sales price for homes in Phoenix AZ for Jun 10 to Aug 10 was $105,000. This represents a decline of 0.8%, or $800, compared to the prior quarter and an increase of 7.4% compared to the prior year. Sales prices have depreciated 48% over the last 5 years in Phoenix. The average listing price for Phoenix homes for sale on Trulia was $198,345 for the week ending Sep 01, which represents a decline of 2.4%, or $4,776, compared to the prior week and a decline of 5%, or $10,481, compared to the week ending Aug 11. Average price per square foot for Phoenix AZ was $97, a decrease of 44.6% compared to the same period last year. Popular neighborhoods in Phoenix include Camelback East, Deer Valley, Paradise Valley, North Mountain, Alhambra, and South Mountain.