S&P Case-Shiller: Home Prices Gain in August

Home prices gained in August per the 20-City S&P Case-Shiller Home Price Index. Analysts said that home values continue to expand in spite of challenges including low inventories of available homes and strict mortgage qualification requirements.

National Home Price Index Near 2006 Peak

According to the national Case-Shiller Home Price Index, August home prices are 0.10 percent below their 2006 peak and all metro areas in the 20-City Home Price Index posted gains. Top gains in the 20-City Home Price Index were posted by Portland, Oregon with a year-over-year gain of 11.70 percent, Seattle, Washington home prices gained 11.40 percent and Denver, Colorado home prices gained 8.80 percent year-over-year.

All metro areas included in the 20-City Index posted year-over-year gains in excess of one percent. New York City had the lowest year-over-year price gain with a year-over-year reading of 1.70 percent in August. Washington, D.C. home prices rose 2.30 percent year-over-year. Home prices in the Cleveland, Ohio metro area increased by 2.90 percent year-over-year.

New Housing Bubble Unlikely

With home price gains close to peak prices seen before the housing bubble burst, concerns may arise over the potential for a new housing bubble to occur in coming months. Analysts say this is unlikely as home buyers are not taking out extreme levels of mortgage debt seen at the onset of the Great Recession. David M. Blitzer, chairman of the S&P Index Committee, said “There is no reason to fear another massive collapse is around the corner. The run-up to the financial crisis was marked with both rising home prices and rapid growth in mortgage debt.”

Possible Fed Rate Hike Won’t Cause Mortgage Rates to Explode

The Federal Open Market Committee of the Federal Reserve is expected to raise the Fed’s target federal funds rate in December. This action will lead to interest rate increases for consumer credit and mortgages, but not at levels that would make mortgage loans suddenly unaffordable. While gradual increases in federal interest rates would cause mortgage rates to rise over time, market conditions and related factors could potentially cause home prices to slow or even dip in some areas. Regional influences including employment and demand for homes are examples of factors contributing to home price growth or decline in specific areas.

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

4126 E Camden Avenue San Tan Valley, AZ 85140

$489,000

3 Beds

2 Baths

1,942 SqFt

Status Active

MLS # 6650702

Property Type Single Family Residence

Price Type --

3 Car Garage & Pool! Slice of paradise in Castlegate , Queen Creek/San Tan Valley! This beautiful 3 bedroom + den/flex or 4th bed, 1,940 sq ft residence & backyard oasis defines comfort and style. Your 3-car garage features two roll-up doors, a side door for yard access to where the double side gate opens to RV parking, a toy owner's dream! Step inside to the heart of the home to see 3 living spaces kitchen/great room, living/dining, & de/flex/4th bedroom. You'll love it all, from the beautiful tree shaded grand front patio, the stylish archways & light bright windows to the private backyard oasis with mature landscaping. Primary suite offers the indulgence of a soaking tub next to a separate shower, walk-in closet, double sinks, W/C & 2 garden views. See it & fall in love! Two additional bedrooms ensure ample space for family or guests. Relax in your own backyard sanctuary, where a sparkling pool awaits your enjoyment. The extra-tall privacy wall ensures tranquility, and when you're in the mood for outdoor entertaining, the stylish outdoor bar & BBQ area is your go-to spot for creating unforgettable memories. And the allure extends beyond the main living space - a pull-down ladder reveals an accessible attic providing a perfect storage solution. Plus a free-standing 'pool shack', finished inside, currently a 'she-shed' could be an arts and crafts workshop or more storage & it's equipped with a window-mounted A/C for comfort. To sweeten the deal, the seller is open to carryback financing with 50% down, making this dream home even more attainable. Conveniently located near shopping, dining & schools, this residence is a rare gem! Don't miss this extraordinary opportunity to call this stunning home yours, complete with a 3-car garage, a toy friendly double side gate, and a refreshing, private, garden party retreat.

View Property

1550 S Hopi Trail Dewey, AZ 86327

$489,000

3 Beds

2 Baths

2,056 SqFt

Status Active

MLS # 6569707

Property Type Single Family Residence

Price Type --

Beautifully Remodeled Home on HUGE 136,309 sqft Lot. Brand New Roof. New Heating & AC. New Windows. New Luxury Vinyl Plank (waterproof) Flooring throughout. Kitchen boasts Brand New Cabinets, Quartz Countertops, Stainless Steel Appliances, and Large Island. Convenient Laundry built into 2nd bathroom. Lots of Room for Animals, RV's, etc. Excellent Location with good privacy.

View Property

15427 N 56th Avenue Glendale, AZ 85306

$489,000

4 Beds

2 Baths

1,980 SqFt

Status Active

MLS # 6641672

Property Type Single Family Residence

Price Type --

Welcome to this stunning property with a natural color palette. The kitchen boasts a nice backsplash, adding a touch of elegance to the heart of the home. The master bedroom features a walk-in closet. Additionally, this property offers other rooms for flexible living space, allowing you to configure the layout to suit your needs. The primary bathroom is equipped with double sinks and good under sink storage. Step outside and discover a fenced-in backyard, providing security and privacy. The private in-ground pool offers the perfect retreat for those warm summer days, while the covered sitting area allows for an idyllic space to relax and unwind. Other features include fresh interior paint and partial flooring replacement in some areas.

View Property

7748 W Stony Quail Way Florence, AZ 85132

$489,000

2 Beds

2 Baths

2,118 SqFt

Status Active

MLS # 6646242

Property Type Single Family Residence

Price Type --

You will love this popular Preserve model completed in 2021. Beautiful 2-bed, 2-bath home w/a den is highly upgraded & impeccably maintained. Kitchen features quartz counters, staggered cabinets w/lighting, SS appliances, gas stove, wall microwave & oven. Laminate wood floors flow through the open living areas. Garage has epoxy, sink, built-in wall cabinets + large storage room w/cabinets. Step outside to your private patio, featuring an outdoor fireplace for cozy evenings. Patio has remote shades that transforms into an Arizona room, letting you enjoy the outdoors year-round. Complete w/a SPA & pergola, this outdoor oasis is perfect for relaxation & entertainment. Don't miss the opportunity to make this house your home. Come see everything is outstanding 55+ resort community has to offer Both master & laundry room have been extended. Lights and garage door can open remotely.

View Property

40723 W Olney Avenue Tonopah, AZ 85354

$489,000

6 Beds

2 Baths

2,433 SqFt

Status Active

MLS # 6648073

Property Type Manufactured Home

Price Type --

Explore this incredible residence featuring 6 bedrooms, 2 baths, and spanning 2,433 square feet on over 10 acres of land. Conveniently located off Elliot Road, this property is primed to fulfill all your desired needs. A remarkable opportunity awaits with a private well, fenced surroundings, and a fully operational irrigation well providing ample water for your envisioned garden, pasture, farm, or lush green acres. The possibilities are endless—experience the uniqueness of this property firsthand.

View Property

4863 W Picacho Drive Eloy, AZ 85131

$489,000

2 Beds

2.5 Baths

1,884 SqFt

Status Active

MLS # 6677100

Property Type Single Family Residence

Price Type --

Welcome Home to this very popular and sought after Mandera model in Robson Ranch! This partially furnished 2-bed, 2.5-bath home with a den/office spans 1884 sq ft with 18'' tile flooring throughout. Enjoy the airy feel with 11' ceilings in the main living areas and 10' ceilings in the master bedroom. The kitchen is a chef's dream, the dining area includes a built in China hutch and the master suite offers a luxurious retreat. Enjoy the warm Arizona sun in your private backyard oasis, which includes a covered paver patio with a ceiling fan, Pre-wired for a patio TV and Pre-wired electrical for a Hot Tub. Robson Ranch's Gated Community amenities, include an 18 hole championship golf course, pickleball courts, clubhouse, restaurant, heated pool, indoor lap pool, fitness center and more add to the vibrant lifestyle you will enjoy in this cozy community. See separate documents in documents tab for a list of items that will convey and also a list of features.

View Property

1495 N Casa Grande Avenue Casa Grande, AZ 85122

$489,000

5 Beds

3 Baths

3,100 SqFt

Status Active

MLS # 6655657

Property Type Single Family Residence

Price Type --

RARE FIND! Fully Remodeled - 5 Bedroom, 3 Bathroom - with FINISHED BASEMENT. This ONE-OF-A-KIND Casa Grande home features an OVER-SIZED LOT with WORKSHOP and RV GATE ACCESS/PARKING. Bring your Trucks, Toys, and Trailers - this Property has NO HOA! This unique Property has been fully updated - including: NEW FLOORING, NEW KITCHEN, NEW & UPDATED CABINETS, NEW BUTCHER BLOCK COUNTER-TOPS, NEW APPLIANCES, UPDATED WINDOWS & NEW SUN SCREENS, NEW DOORS, UPDATED PEX/PLUMBING, NEW TOILETS, FRESH INTERIOR/EXTERIOR PAINT, AND MORE! Call for your tour today!

View Property

17531 W Fetlock Trail Surprise, AZ 85387

$489,000

3 Beds

2 Baths

2,126 SqFt

Status Active

MLS # 6656370

Property Type Single Family Residence

Price Type --

Welcome home! This well maintained 3 bed, 2 bath residence boasts an expansive 2126sqft of living space and offers the perfect blend of comfort and functionality. Step into the heart of this home and discover an inviting open floor plan, seamlessly connecting the spacious living areas. Enjoy the eat-in kitchen featuring modern appliances and a warm, welcoming atmosphere for gatherings. Ideal for remote work or a game room, enjoy the convenience of not one, but two bonus rooms - providing the flexibility your lifestyle demands. The low-maintenance backyard is a blank slate ready for your vision. The 3-car garage is a car enthusiast's dream, equipped with LED lighting and epoxied floors for a polished finish the RV gate is perfect for your outdoor adventures. Nestled in the Desert Oasis Community, experience the harmony of suburban living while still enjoying easy access to local amenities.

View Property

12989 W Plum Road Peoria, AZ 85383

$489,000

2 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6657376

Property Type Single Family Residence

Price Type --

Lowest price per square foot in Trilogy at Vistancia! Welcome to your dream home! This Southwest-style home offers 2 bedrooms, 2 bathrooms, and a den/home office for comfort and functionality. The Montis floorplan floods with natural light, highlighting the upgraded kitchen with newly updated LG steel appliances and composite quartz countertops. The split floor plan ensures privacy, and the spacious great room is perfect for entertaining. Leased solar panels keep the home energy-efficient, lowering bills in the Arizona summer. Newer Trane heating and cooling system also allows for comfort and efficiency. Step into the lush oasis surrounding this home. A gated front courtyard with a custom wrought-iron gate sets a private and welcoming tone. The backyard is a tropical cozy oasis with hints of the desert, featuring a covered patio for relaxation and outdoor gatherings. Trilogy at Vistancia provides an active lifestyle with golf, recreation areas, hiking trails, and tennis courts. Socialize at pools, spas, and a full-day spa. Easy access to the 303, shopping, restaurants, and Lake Pleasant completes this residence, offering not just a beautiful home but a vibrant lifestyle in Trilogy at Vistancia.

View Property

7017 W Mcrae Way Glendale, AZ 85308

$489,000

3 Beds

2.5 Baths

2,304 SqFt

Status Active

MLS # 6668087

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Glendale's prestigious Arrowhead Country Club neighborhood! This spacious 3-bedroom, 2.5-bathroom home boasts 2,304 square feet of comfortable living. Enjoy a generously sized living area perfect for entertaining guests or relaxing with family. The very large kitchen is a chef's delight, offering ample space for culinary creativity. Retreat to the large master suite for ultimate comfort and relaxation. Beat the Arizona heat with your own private pool, ideal for refreshing dips and poolside lounging. Conveniently located near Abrazo Arrowhead Hospital and neighborhood schools, with easy access to the 101 freeway and shopping at Arrowhead Town Center. Don't miss out on this incredible opportunity to experience the epitome of Glendale living

View Property

12246 W Paso Trail Peoria, AZ 85383

$489,000

4 Beds

3 Baths

2,333 SqFt

Status Active

MLS # 6670743

Property Type Single Family Residence

Price Type --

Nestled in the sought-after Coldwater Ranch Community, this fabulous two-story home at 12246 W Paso Trl, Peoria, AZ 85383, showcases a perfect blend of comfort and style. Built in 2014, this single-family residence boasts a spacious 2,333 square feet of living space, offering ample room for a growing family The property features 4 bedrooms and 3 bathrooms, providing convenience and privacy for all family members With stone accents and colorful manicured landscaping, this home exhibits a charming exterior, contributing to its overall curb appealExplore the vibrant community of Coldwater Ranch and enjoy the proximity to local amenities and attractions. This home stands as a testament to quality craftsmanship and a desirable living experience.

View Property

3921 E Sweetwater Avenue Phoenix, AZ 85032

$489,000

3 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6667808

Property Type Single Family Residence

Price Type --

OWNED solar tesla panels, NO HOA! N. Phx 3bed/2bath 2-car garage, storage room, shed, RV gate & parking on a corner lot. Split floor plan, wy eng wood plank floors, ss appliances, propane cooktop and a walk in pantry. Primary bedroom with walk in closet, double sinks, sitting room w/separate exit to backyard. Back patio full length lattice pergola and separate grilling ramada. Font and back yards low maintenance. PV School District, mins to shopping, dining, entertainment, pv mall redevelopment, freeways, walking/biking paths, hiking, park, pickleball and tennis courts all nearby.

View Property