By Brian Petersheim

Brian Petersheim

Maricopa continues to lead the way in real estate value in the Phoenix Metropolitan area.

I wanted to compare apples to apples as much as possible, so the numbers and graphs only refer to single-family, detached homes. Condos, townhouses, duplexes etc. have been removed from the statistics because not all of the cities have the same ratios of those dwellings.

The data is broken down in 3 categories.

  1. Median listing price by city
  2. Average price per square foot by city
  3. Average time on the market by city

When it comes to most affordable or lowest listing price of the 19 cities, Casa Grande was the least expensive at $216,000 and Maricopa came in second at $235,000. Other notable list prices are Chandler and Gilbert both around $415,000 and Paradise Valley (not graphed) at $2.2 million.

Price per square foot is another area Maricopa excelled in. We had the best price per square foot in the Phoenix Metro area of the 19 cities compiled. Price per square foot in Maricopa was $114, with the closest to us being Casa Grande at $120. Chandler and Gilbert were both in the $170-180 range while Paradise Valley (not graphed) topped $432 per square foot.

Days on the Market refers to the number of days the average home is listed for sale before going fully under contract to purchase. Maricopa ranked about dead center in the averages of the cities at 70 days. Avondale was low at 52 days, while the luxury homes in Fountain Hills, Scottsdale and Cave Creek were well over 100 days.

In conclusion, after the real estate bubble, the bursting and the rebuilding, Maricopa is still one of the best values in in the Valley. To the people out there, whether first-time homebuyers, snowbirds or investors, when considering a home in a great city, for a great value, think Maricopa.

The statistics are median or averages; valuing a home should be done on specific basis. Please contact a local expert to get a more exact value. After all, not all home are average.


Brian Petersheim is a local Realtor with Homesmart Success and can be called/texted at 602-206-9644 or reached at [email protected].