Your guide to market updates & local events happening in
October 2024!
What is happening in the market… Phoenix median sales price continues to rise slightly, however inventory and days on market are also increasing.
Median Sales Price in Phoenix is $435,000 for September 2024 compared to $417,000 in September 2023
The 10 fastest-growing housing markets in Arizona
For decades, Phoenix has been the poster child of housing growth in Arizona. Now it’s the suburbs and exurbs’ time to shine as people increasingly turn to less dense, more affordable communities. But what are the fastest-growing housing markets in Arizona?
Our recent study of housing trends in over 4,100 U.S. cities from 2013 to 2022 shows that suburban development is far outpacing urban growth, as once-idle communities are now brimming with new housing options.
Among the major cities in Arizona, housing inventory in Phoenix has only increased by 6%, similar to Tucson. Chandler and Mesa are in the middle of the pack with 17% and 12% growth rates, respectively. Gilbert is growing the quickest among traditional Arizona hotspots, with a 24% increase in housing inventory.
Meanwhile, the exurbs are stepping up. Here are a few key takeaways about the fastest-growing cities in Arizona:
Top 5 residential real estate investment markets in Arizona
Maricopa is home to the best residential real estate investment market in Arizona.
MORE NEWS: The 10 fastest-growing housing markets in Arizona
The 85139 zip code in Maricopa presents the greatest opportunity for investors among the 880 individual real estate markets in Arizona we evaluated. We looked at property values, population trends, and six other metrics for each market. We used that data to calculate each market’s InvestScore.
Top 5 Arizona residential real estate markets
| Rank | City | InvestScore | Affordability | Property value appreciation |
|---|---|---|---|---|
| 1 | Maricopa | 100 | 4.4 | 68.81% |
| 2 | Rio Rico | 100 | 4.1 | 70.20% |
| 3 | Tucson | 99.2 | 4.4 | 68.44% |
| 4 | Buckeye | 98.7 | 4.6 | 69.90% |
| 5 | Tolleson | 97.7 | 4.9 | 74.51% |
Terror In Tolleson Resurrects The Crypt!
OCT 4TH – NOV 2ND
- ADMISSION$17.50
- TIME7:00 PM to 11:30 PM
All-Inclusive tickets access to 6 Haunted House Attractions!
- LOCATIONTerror in Tolleson Haunted House
- 9105 West Van Buren Street
- Tolleson, Arizona 85353
TRUNK OR TREAT!
But wait, there’s more! We’ve got face painting that’ll turn your munchkins into mini monsters or princesses, the Best Trunk Contest where you can vote for the coolest, quirkiest, and most creative trunk (prizes included!), and goodie bags stuffed with so much candy you might need an extra pillowcase.
And guess what? APS is rolling out the red carpet with giveaways, jaw-dropping discounts on your power bill (we’re talking 60% off!), and a chance to score a Google Nest. Our superstar sponsors, including Sherwin Williams, Sweeties, Adair Homes, Edward Jones, and Streets of New York, are bringing fun and fabulous savings straight to the shopping center of Norterra.
We’re also giving back to the community, so your trick-or-treating is not just sweet, but also *super* charitable. Last year we had over 400 of our fantastic neighbors joining the fun—don’t let FOMO haunt you!
So grab those costumes, bring your spooky squad, and get ready for a Halloween bash that’ll have your kids saying, “Best Halloween ever!” 🎉👻🍬
See you there!
What’s happening on the Westside?!
New! All the latest Upper West Side news by area
COMING SOON & WHAT’S OPEN
This is where you’ll find all of the latest happenings in our area from what’s coming to what’s open to what we are still hoping to see in our beautiful communities. Find your area of interest and click below to find out more!
