In a constantly evolving real estate landscape, homeowners and potential buyers alike seek to understanding the fluctuations in property values across the United States. As the housing market continues to be a focal point of economic discussions, GOBankingRates has undertaken a comprehensive analysis to reveal the latest insights into the average home prices in every state. Using the Zillow Home Value Index for the August 2023 and August 2022 median home values for each state, gave a perspective on the year-over-year changes both in dollars and percentage.
(Keep in mind that home valuations from Zillow are not the same as official appraisals performed by licensed professionals.)
Arizona Stats:
- August 2022 Median Home Value: $467,582.89
- August 2023 Median Home Value: $431,911.95
- Year-over-Year Percentage Change: -7.63%
For Arizona homeowners curious about what their homes might be worth, it’s good to know that the real estate stuff can be a bit tricky. While our research gives you a general idea of average home prices, if you want to know exactly how much your home is worth in Arizona, it’s best to have a chat with a licensed real estate expert. These pros understand all the special details about Arizona homes and can give you a more exact estimate. In the world of houses and property, their advice not only helps you see things clearly but also helps you make smart choices about the valuation of your home.