Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller’s 20City Home Price Index. Home prices rose from September’s annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September’s reading.

West Continues to Lead Home Price Growth

Top home price growth rates were in Seattle, Washington at 10.70 percent, Portland, Oregon at 10.30 percent and Denver, Colorado with a seasonally-adjusted annual price increase of 8.30 percent. New York, New York had the lowest home price growth in October with a reading of 1.70 percent.

In a separate report, December consumer confidence exceeded expectations with an index reading of 113.70 as compared to an expected reading of 110.00 and November’s reading of 109.40. This was the highest reading for consumer confidence since 2001. Analysts said that the strong reading for consumer confidence was a sign that consumers will increase their spending in 2017, but what will happen with mortgage rates is a big question.

Rising Mortgage Rates May Slow Home Prices, High Demand for Homes

With the Federal Reserve’s decision to raise its target federal funds range in December comes a question of how rising mortgage rates will affect housing markets. Rising fed rates typically lead to increases in consumer lending rates including rates for home loans and refinancing. Combined effects of rising home prices and mortgage rates create challenges for first-time and moderate income home buyers. While higher mortgage rates have not impacted buyer demand so far, rising mortgage rates could sideline some buyers.

A recent compilation of the most expensive places to live in America illustrates the imbalance of home prices as compared to consumer incomes. Brooklyn, NY topped this list with a reading of 127.70 percent of average household income earned in Brooklyn to buy an average priced home in Brooklyn. Analysts reporting this data noted that many Brooklyn homeowners work in Manhattan and earn more than those who work in Brooklyn. Disparities in average home prices and home buyer incomes could “trickle down” to less expensive areas if mortgage rates and home prices continue to rise.

Meanwhile, builder confidence is strong and is expected to lead to higher levels of home construction in 2017.

Click Here to See What Your Home is Worth

Listing types.

For Sale

For Rent

Land

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

12131 W Marguerite Avenue Avondale, AZ 85323

$504,990

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6454131

Property Type Single Family Residence

Price Type --

Castellano - Linen cabinets throughout the home and stunning AZT Della Terra Aluminum quartz kitchen countertops including the enhanced island. 8' interior doors, 12x8 sliding glass door off the great room and leads to your covered patio. Upgrade flooring includes 18x18 tile in all areas except the bedrooms & closets and so much more. Seller to write contract and to verify all information with our onsite agents.

View Property

2628 E Hollywood Ike Avenue San Tan Valley, AZ 85140

$504,990

3 Beds

2.5 Baths

2,178 SqFt

Status Active

MLS # 6679011

Property Type Single Family Residence

Price Type --

Located in San Tan Valley, this adorable single story, 2178 square foot residence boasts a meticulously designed living space. Crafted with a keen eye for both style and functionality, this home harmoniously blends modern elegance with timeless comfort. This home seamlessly integrates open-concept living, featuring a den, 4-panel center sliding glass door, a large kitchen adorned with quartz countertops and stainless steel appliances. The expansive owner's suite includes dual vanities in the bathroom and a large walk-in closet. Additional bedrooms offer ample space for family or guests, each thoughtfully designed with comfort in mind. Complete with a 4-car garage, two car tandem and a super garage, this residence represents the epitome of ideal living.

View Property

9726 W Albeniz Place Tolleson, AZ 85353

$504,990

5 Beds

4.5 Baths

3,131 SqFt

Status Active

MLS # 6701782

Property Type Single Family Residence

Price Type --

Beautiful Brand New Home in a Highly Desirable West valley location. Under Construction - Est Completion August. Features countless upgrades such as 9' ceilings, Shaw 17x17 Tile, Granite countertops in the kitchen. Whirlpool Stainless steel appliances. White shaker cabinets with Stainless Steel Pulls. Energy-efficient features throughout, WIFI & programmable thermostat. Spacious walk-in closet in the primary suite. Front yard landscaping, covered patio in the backyard. Spectacular Mountain Views! The community features a greenbelt, a premium neighborhood park with playground. Conveniently located near the new 202 freeway, schools, shopping and dining, and Estrella Mountain Regional Park.

View Property

17338 W Columbine Drive Surprise, AZ 85388

$504,990

3 Beds

2 Baths

1,987 SqFt

Status Active

MLS # 6702487

Property Type Single Family Residence

Price Type --

Stunning and spacious home... Our Belice has 3 bedrooms + flex space to use as a study area, craft room or as you wish, 2 baths and a 3 car garage. Extended covered patio perfect for entertaining and a 12'x8' sliding glass door in the great room. Walk-in shower at owner's bath with tile surrounds. Enhanced kitchen island with 42'' uppers in the kitchen, pull out trash drawer and rollouts at pantry. Stainless steel appliances with gas range. AZT Hana Sky Quartz countertops in kitchen with a stainless steel undermount single bowl sink. DT Broxburn Gray 6x24 Plank tile in all areas of the home except bedrooms & closets. Painted ''Boulder - Gray'' cabinets throughout with 42'' kitchen uppers. Garage service door, 8' tall door with remotes. Estimated completion in July.

View Property

41050 W Agave Road Maricopa, AZ 85138

$504,990

4 Beds

3 Baths

2,142 SqFt

Status Active

MLS # 6632217

Property Type Single Family Residence

Price Type --

STOP THE CAR... This Castellano is stunning and ready for you to move in. It has 4 bedrooms, 3 baths and 3 car tandem garage. 12x8 sliding glass door off the covered patio great for entertaining. Large walk in shower at owner's bath with tile surrounds. Stainless steel gas range. Benton ''White'' cabinets throughout the home with rollouts at pantry. AZT Della Terra quartz countertops in kitchen, enhanced kitchen island and in owner's bath. 8' interior doors. Additional recessed can lights in kitchen and prewire for pendant lights in kitchen. Upgrade flooring includes level 5 carpet in bedrooms and closets. EMS Cabo II 18x18 tile in remaining areas of the home. Dual sinks at bath 2. We've also added pre-plumb for soft water, gas stub for future BBQ and so much more. Seller to write contract and to verify all information with onsite agents. Water Company is Santa Cruz Water Company and Sewer is Palo Verde Utilities Company.

View Property

4641 N 178th Lane Goodyear, AZ 85395

$504,490

4 Beds

3 Baths

2,384 SqFt

Status Active

MLS # 6695634

Property Type Single Family Residence

Price Type --

A unique single-story home featuring a social living area. Umber cabinets with white granite countertops and backsplash. Grey tile flooring in our Cool package. Abel Ranch is now open in Goodyear. Visit this gated community featuring a park, fitness stations, and more. We're proud to introduce new, professionally curated design packages and luxurious primary suites. We also build each home with innovative, energy-efficient features that cut down on utility bills so you can afford to do more living.* Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

View Property

13244 N 19th Street Phoenix, AZ 85022

$504,000

3 Beds

2.5 Baths

1,795 SqFt

Status Active

MLS # 6697868

Property Type Single Family Residence

Price Type --

Seller will contribute $10K towards Buyers Closing Costs with full purchase price offer! Pre-appraisal came in at $510K. Come look at this beautifully designed and well maintained property nestled along the backside of the Pointe Golf Club on Lookout Mountain, giving you spectacular views of the city lights and the mountains! Located close to the highly acclaimed Lookout Mountain Park and Preserve. AC tune up and a detailed inspection was recently performed (2024), report will be available for buyer; Roofing was also professionally inspected and approved (2024); Extra large private balcony off the master bedroom with amazing views. The loft upstairs has several windows with the same beautiful city and mountain views, great for an office, workout, or reading space. Plantation shutters thr throughout; Painted inside and out with premium grade paints (2021); Premium carpeting- 53.6 OZ face weight Anso nylon with factory stain treatment and 9 pound pet protect padding (2021); Extra large closet under the stairs for storage; Epoxy sealed garage and patio floors; Beautiful covered patio with a private yard fully enclosed with elegantly stuccoed block wall and an RV gate. New LG refrigerator- never used. Nearby attractions include the very large Lookout Mountain park, with well serviced restrooms, tennis and volleyball courts, 2 children's playgrounds with shade and a large circuit of exercise equipment along with numerous covered picnic tables surrounding the expansive lawns. Next to this wonderful park is the Lookout Mountain Preserve with hiking trails that connect to the extended Phoenix Mountain Preserve with many miles of hiking trails and various peaks. The trail from Lookout Mountain Preserve connects through to the Pointe Golf Club on Lookout Mountain, and continues on to Piestewa Peak (formally named Squaw Peak), Dreamy Draw recreation area, North Mountain and Shaw Butte.

View Property

2317 E Concorda Drive Tempe, AZ 85282

$504,000

4 Beds

2 Baths

1,945 SqFt

Status Active

MLS # 6686045

Property Type Single Family Residence

Price Type --

Charming 4-bedroom, 2 bathroom home nestled in a desirable Tempe neighborhood! Featuring custom-made Knotty Alder kitchen cabinets, exquisite Travertine tile, cozy Berber carpeting, and durable Pergo flooring, this home exudes quality craftsmanship throughout. Roof installed in 2016, a fresh AC unit added in 2017, and a beautifully remodeled master bathroom completed in the same year. A 55-gallon water heater was installed in 2018 for added efficiency. Second AZ/Family Room fully complete with a split unit A/C. The garage boasts its own split unit A/C and features epoxy floor coating for durability. new attic insulation was added in 2019. The backyard has been tastefully landscaped, offering a serene outdoor retreat perfect for gatherings and relaxation. With no HOA fee. , this property offers both freedom and flexibility. Situated in a prime location with easy access to major highways including the 101, 202, and the 60, this home is also conveniently located near the Light Rail on Apache Blvd. the proximity to various amenities including hospitals, shopping centers, the airport, downtown Tempe, ASU, MCC, and the Cubs spring training center make a comfortable living with this meticulously maintained home in an unbeatable location.

View Property

1226 W Park Street Phoenix, AZ 85041

$504,000

5 Beds

3 Baths

2,801 SqFt

Status Active

MLS # 6693462

Property Type Single Family Residence

Price Type --

Move in ready! Updated kitchen with white cabinets and full height subway tile backsplash! Main floor den/bedroom with French door entry. Full bath on main level. 5 additional bedrooms upstairs - including en suite primary with large walk in closet! Updated paint, luxury vinyl plank flooring throughout, ceiling fans in all the bedrooms. Large lot with covered back patio, turf, and plenty of opportunities to make it your own! Community has parks and play area.

View Property

4566 N 178th Lane Goodyear, AZ 85395

$503,990

4 Beds

3 Baths

2,384 SqFt

Status Active

MLS # 6694799

Property Type Single Family Residence

Price Type --

EXCLUSIVE opportunity to be one of the first to move in to Abel Ranch. This premium gated community at Camelback and the 303 is in the perfect location to enjoy peaceful living while being close to amenities. Plus, price increases with every phase ensure you walk into equity opportunity with this lovely home. Lot is tucked in the side of the community with no neighbors behind and mountain views from your backyard. You want this lot! It's adjacent to a wash and will have access to community walking trails and be within view of the large park. Lark Plan features generously sized flex space. Package for Lot 1 includes 42'' White Cabinets, Sparkling Quartz Countertops, English Grey tile everywhere you want it with plush carpet where you need in. Contact listing agent to learn about incentives

View Property

37926 N Neatwood Drive San Tan Valley, AZ 85140

$503,990

5 Beds

4.5 Baths

3,131 SqFt

Status Active

MLS # 6699245

Property Type Single Family Residence

Price Type --

Beautiful NEW Home in PRIME San Tan Valley location, close proximity to Queen Creek and other major cities. JULY 2024 MOVE-IN! Prime lot bordering common area, overlooking scenic desert views. Featuring countless upgrades such as 9' ceilings, Shaw Ceramic Tile Floors, Granite countertops in the kitchen. Whirlpool Stainless steel appliances and white cabinetry. Washer and Dryer included. Energy-efficient features throughout, Wi-Fi & programmable thermostat, and electric range. Spacious walk-in closet in owner's suite! Front yard landscaping with irrigation included and generous covered patio in the backyard. Minutes from hiking trails and scenic mountain views! Fantastic proposed amenities include community lake, parcourse stations, bike loops and racks, ramadas, shaded play structures, great park area including large community pavilion, BBQ grills, picnic tables, pickleball court and open space areas. Located near Queen Creek, highly rated schools and easy access to shopping centers, dining options and entertainment venues.

View Property

15936 W Kino Drive Surprise, AZ 85374

$503,900

2 Beds

2 Baths

2,403 SqFt

Status Active

MLS # 6626604

Property Type Single Family Residence

Price Type --

HUGE PRICE REDUCTION!!!! Beautiful expanded Verbena model in the resort style living of The Grand. This beautiful home has been remodeled and is very inviting with its fully remodeled kitchen, bathrooms and other living areas. This home also has fresh exterior paint that was completed in 2022. In the kitchen there is all new cabinets, appliances, granite countertops and tile backsplash. The gourmet kitchen in this home is stunning! The expansive master bath has been completely remodeled as well with new cabinetry, walk in tiled shower, granite countertops and mirrors. The guest bathroom has been remodeled as well! New flooring throughout the home with a combination of gorgeous tile and premium carpet and padding! There is a bonus room on the rear of the house that is climate controlled. Beautiful expanded Verbena model in the resort style living of The Grand. This beautiful home has been remodeled and is very inviting with its fully remodeled kitchen, bathrooms and other living areas. This home also has fresh exterior paint that was completed in 2022. In the kitchen there is all new cabinets, appliances, granite countertops and tile backsplash. The gourmet kitchen in this home is stunning! The expansive master bath has been completely remodeled as well with new cabinetry, walk in tiled shower, granite countertops and mirrors. The guest bathroom has been remodeled as well! New flooring throughout the home with a combination of gorgeous tile and premium carpet and padding! There is a bonus room on the rear of the house that is climate controlled and finished to interior standards. The extended garage leaves ample space for larger vehicles and a golf cart. Put this home on your must-see list! Current owner would consider a 3-6-month lease back.

View Property