Phoenix VA Loan Rates, Closing Costs & Stats

PHOENIX-MESA-CHANDLER, AZ

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Phoenix's 221 lenders originated 7,006 VA loans during 2023. The total origination value was $3,052,510,000, with an average VA loan value of $435,699.

Phoenix VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Phoenix averaged 6.31% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Phoenix's average VA mortgage closing costs are $6,958.

The average rate for the prior week (2024-04-05) was 6.26% and one month ago for the week of 2024-03-08, the average rate was 6.09%.

The average rate one year ago was 5.99%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.8%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Phoenix VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Phoenix level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 861 6.12% $10,174
Mortgage Research Center, LLC 486 6.53% $8,225
QUICKEN LOANS, LLC 379 5.97% $13,820
LOANDEPOT.COM, LLC 290 5.74% $15,701
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 287 6.26% $10,068
DHI MORTGAGE COMPANY, LTD. 236 5.34% $8,808
NAVY FEDERAL CREDIT UNION 209 5.69% $7,669
EAGLE HOME MORTGAGE, LLC 195 5.18% $6,745
HOMEAMERICAN MORTGAGE CORPORATION 162 5.35% $5,724
PENNYMAC LOAN SERVICES, LLC 130 5.57% $12,173
FREEDOM MORTGAGE CORPORATION 129 6.41% $19,388
NFM, INC. 127 5.58% $11,798
NOVA FINANCIAL & INVESTMENT CORPORATION 126 6.25% $8,608
V.I.P. MORTGAGE, INC. 120 6.42% $11,270
CROSSCOUNTRY MORTGAGE, LLC 114 6.50% $10,611
South Pacific Financial Corporation 113 5.62% $10,687
PULTE MORTGAGE LLC 100 5.42% $5,402
VELOCIO MORTGAGE L.L.C. 96 5.50% $9,802
The Federal Savings Bank 87 6.06% $23,255
AMERICAN PACIFIC MORTGAGE CORPORATION 85 6.46% $14,878
Paramount Residential Mortgage Group, Inc. 78 6.35% $11,935
INSPIRE HOME LOANS INC. 75 5.56% $9,272
USAA Federal Savings Bank 73 6.37% $11,740
ACADEMY MORTGAGE CORPORATION 65 6.55% $12,050
CMG MORTGAGE, INC. 64 6.14% $15,341
NEW DAY FINANCIAL, LLC 63 7.36% $17,042
Plains Commerce Bank 58 5.91% $12,897
KBHS HOME LOANS, LLC 58 5.31% $13,089
MATTAMY HOME FUNDING, LLC 51 5.61% $13,422
GUILD MORTGAGE COMPANY 46 6.30% $15,046
MOVEMENT MORTGAGE, LLC 45 6.46% $14,364
Nations Lending Corporation 45 6.24% $12,359
Mr. Cooper ( Nationstar Mortgage ) 43 6.03% $16,933
GUARANTEED RATE, INC. 42 6.22% $7,953
HOMEOWNERS FINANCIAL GROUP USA, LLC 41 6.11% $9,328
Flagstar Bank, FSB 38 6.35% $9,759
PRIMELENDING, A PLAINSCAPITAL COMPANY 38 6.34% $8,800
NEWREZ LLC 37 6.28% $13,886
Waterstone Mortgage Corporation 36 5.86% $17,397
CARDINAL FINANCIAL 36 6.34% $15,018
ZILLOW HOME LOANS, LLC 35 6.20% $11,322
GUARANTEED RATE AFFINITY, LLC 35 6.25% $7,908
AMERISAVE MORTGAGE CORPORATION 32 5.77% $19,481
Equity Prime Mortgage LLC 31 6.64% $12,588
VILLAGE CAPITAL MORTGAGE 31 6.22% $11,229
ON Q FINANCIAL, INC. 30 5.99% $10,076
Bell Bank 29 6.36% $8,795
BROKER SOLUTIONS, INC. 28 6.31% $17,623
BROOKHOLLOW MORTGAGE SERVICES, LTD 27 5.45% $10,909
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 27 6.01% $7,449
BAY EQUITY LLC 26 6.38% $8,650
GENEVA FINANCIAL, LLC 25 6.65% $11,758
MORTGAGE SOLUTIONS OF COLORADO, LLC 25 7.51% $4,833
Wells Fargo Bank 25 5.70% $7,400
First Western Trust Bank 24 6.21% $12,065
Barrington Bank & Trust Company, N.A. 23 6.20% $13,517
MORIA DEVELOPMENT, INC. 23 6.65% $12,073
AMERICAN FINANCIAL NETWORK, INC. 22 6.45% $8,298
ARK-LA-TEX FINANCIAL SERVICES, LLC. 21 6.25% $11,990
SUN WEST MORTGAGE COMPANY, INC. 20 6.62% $13,262
MUTUAL OF OMAHA MORTGAGE, INC. 20 6.08% $14,398
Magnolia Bank 20 5.94% $20,057
LOANPAL, LLC 19 5.79% $12,711
PACIFIC RESIDENTIAL MORTGAGE, LLC 18 6.30% $13,286
NBKC BANK 17 5.81% $9,121
Sunflower Bank 17 6.03% $15,214
PLAZA HOME MORTGAGE, INC. 17 5.95% $16,962
PENTAGON FEDERAL CREDIT UNION 17 5.35% $10,891
Shea Mortgage Inc. 15 5.27% $3,585
American Mortgage & Equity Consultants, Inc. 15 5.89% $13,132
Wallick & Volk, Inc. 15 6.58% $10,565
STARBOARD FINANCIAL MANAGEMENT, LLC 15 6.39% $14,870
JPMorgan Chase Bank 15 5.76% $8,855
PLANET HOME LENDING, LLC 14 5.76% $11,496
VERITAS FUNDING, LLC 14 6.25% $23,545
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 14 5.79% $14,744
LEADERONE FINANCIAL CORPORATION 13 6.66% $12,777
Neighborhood Loans, Inc. 13 6.04% $19,110
SUMMIT FUNDING, INC. 13 6.71% $10,006
U.S. Bank 13 5.77% $16,559
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.34% $9,961
FBC MORTGAGE, LLC 12 6.11% $9,398
The Loan Store, Inc. 12 6.29% $9,897
NATIONS DIRECT MORTGAGE, LLC 12 6.73% $14,341
Prosperity Home Mortgage, LLC 12 5.70% $10,165
Armed Forces Bank 11 5.85% $11,740
Century Mortgage Company DBA Century Lending Company 11 6.76% $8,730
LAKEVIEW LOAN SERVICING, LLC 10 5.96% $20,554
TOWNE MORTGAGE COMPANY 10 6.27% $10,783
CITYWIDE HOME LOANS, LLC 10 6.01% $14,931
SECURITYNATIONAL MORTGAGE COMPANY 10 6.33% $16,503
CASTLE & COOKE MORTGAGE, LLC 9 6.18% $12,316
TBI MORTGAGE COMPANY 9 6.68% $11,474
NEW WEST LENDING, INC. 9 6.57% $9,717
SWBC MORTGAGE CORPORATION 9 6.19% $10,359
Strong Home Mortgage, LLC 9 5.47% $14,475
ALTITUDE FINANCIAL CORPORATION 8 6.39% $7,457
MORTGAGEONE, INC. 8 7.05% $10,448
MASON MCDUFFIE MORTGAGE CORPORATION 8 6.76% $14,682
SOVEREIGN LENDING GROUP INCORPORATED 8 5.37% $19,727
LADERA LENDING, INC. 8 6.16% $15,995
Franklin Loan Corporation 8 6.16% $20,816
First National Bank Texas 7 6.36% $10,008
THE MORTGAGE LINK, INC. 7 6.95% $21,411
MANN FINANCIAL INC. 7 6.84% $11,626
INTERLINC MORTGAGE SERVICES, LLC 7 6.45% $21,605
Sierra Pacific Mortgage Company, Inc. 7 6.14% $9,415
NexBank 7 5.86% $12,046
PREMIER LENDING, INC. 6 6.17% $15,432
Mid-Continent Funding, Inc. 6 6.10% $11,743
SFMC, LP 6 6.58% $13,325
AXIA FINANCIAL, LLC 6 6.19% $7,671
UNION HOME MORTGAGE CORP. 6 6.48% $11,048
ENVOY MORTGAGE, LTD 6 6.19% $14,988
CALIBER HOME LOANS, INC. 6 5.54% $17,846
CALCON MUTUAL MORTGAGE LLC 5 6.40% $22,185
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.13% $18,049
First Savings Bank 5 6.13% $18,447
ALAMEDA MORTGAGE CORPORATION 5 6.67% $10,531
AMERICAN FINANCIAL RESOURCES, INC. 5 7.13% $6,350
OCMBC, INC. 4 5.94% $4,898
HOMESIDE FINANCIAL, LLC 4 6.84% $11,193
INTERCAP LENDING INC. 4 6.78% $16,478
Alaska USA Federal Credit Union 4 6.56% $5,423
First State Bank of St. Charles, Missouri 4 6.63% $9,615
MID AMERICA MORTGAGE, INC. 4 6.44% $14,051
CORNERSTONE HOME LENDING, INC. 4 6.72% $7,092
CANOPY MORTGAGE, LLC 4 6.31% $11,639
NEST HOME LENDING, LLC 4 5.96% $1,179
The Central Trust Bank 4 6.25% $4,662
SUN AMERICAN MORTGAGE COMPANY 4 6.34% $13,122
CHERRY CREEK MORTGAGE, LLC 4 6.44% $6,459
CHURCHILL MORTGAGE CORPORATION 4 7.16% $12,017
CITY FIRST MORTGAGE SERVICES, L.L.C. 4 6.59% $9,399
RESIDENTIAL BANCORP 3 5.79% $15,664
ARIZONA 3 6.13% $17,747
BNC National Bank 3 5.42% $15,240
RESIDENTIAL WHOLESALE MORTGAGE, INC. 3 6.08% $13,440
DIRECT MORTGAGE, CORP. 3 6.46% $14,123
DAS Acquisition Company, LLC 3 7.29% $13,357
AHL FUNDING 3 6.88% $8,363
MICHIGAN MUTUAL, INC. 3 6.42% $12,168
PREMIA MORTGAGE, LLC 3 6.04% $17,267
First Federal Bank 3 6.08% $5,769
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 6.12% $19,418
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.29% $18,259
ISERVE RESIDENTIAL LENDING, LLC 2 5.75% $17,485
INTELLILOAN, INC. 2 6.81% $2,816
RESIDENTIAL MORTGAGE, LLC 2 6.69% $18,147
CLIFFCO, INC. 2 7.06% $16,781
Bank of England 2 5.75% $11,006
HUNT MORTGAGE CORPORATION 2 6.38% $8,477
Performance Financial, Inc. 2 6.00% $4,400
PHH Mortgage Corporation 2 6.69% $8,521
Citizens Bank 2 6.44% $13,858
GARDNER FINANCIAL SERVICES, LTD. 2 6.94% $13,484
S1L, Inc. 2 6.81% $9,396
VAN DYK MORTGAGE CORPORATION 2 7.38% $5,363
EVERETT FINANCIAL, INC. 2 5.94% $23,628
Loan Simple, Inc. 2 6.50% $12,159
GSF Mortgage Corporation 2 6.75% $4,895
Gateway First Bank 2 5.44% $13,361
Cornerstone First Mortgage, Inc 2 6.63% $18,096
CONTOUR MORTGAGE CORPORATION 2 5.81% $11,222
THRIVE MORTGAGE, LLC 2 6.63% $8,611
LHM FINANCIAL CORPORATION 2 5.50% $15,425
First International Bank & Trust 2 6.13% $4,818
JMJ FINANCIAL GROUP 2 6.69% $17,846
North American Savings Bank, F.S.B. 2 6.94% $12,395
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.00% $24,323
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.44% $20,249
Golden Empire Mortgage, Inc. 2 6.50% $9,674
NBH Bank 1 6.75% $4,730
Allied First Bank,sb 1 5.50% $10,603
AMERICAN FINANCING CORPORATION 1 6.50% $14,914
BAY-VALLEY MORTGAGE GROUP 1 6.13% $9,194
BELEM SERVICING LLC 1 4.75% $12,062
BOKF 1 6.13% $5,955
CREDIT UNION WEST 1 7.13% $5,128
CUSTOMER SERVICE MORTGAGE CORPORATION 1 6.13% $8,041
DIRECTORS MORTGAGE, INC. 1 5.63% $22,189
DRAPER AND KRAMER MORTGAGE CORP. 1 6.63% $4,552
EagleBank 1 5.50% $16,537
EMBRACE HOME LOANS, INC. 1 6.25% $19,164
EMM LOANS LLC 1 6.50% $19,149
Enterprise Bank & Trust 1 6.25% $10,080
FINANCE OF AMERICA MORTGAGE LLC 1 5.25% $12,134
FIRST CENTENNIAL MORTGAGE CORPORATION 1 6.00% $2,106
First Credit Union 1 6.75% $8,327
First Option Mortgage, LLC 1 6.75% $35,421
FISHER FINANCIAL GROUP, INCORPORATED 1 5.50% $12,747
FLAT BRANCH MORTGAGE, INC. 1 7.63% $14,752
GoPrime Mortgage, Inc. 1 7.38% $16,238
INFINITY EQUITY GROUP, INC. 1 5.75% $8,022
INTERNATIONAL CITY MORTGAGE, INC. 1 4.25% $6,011
Keystone Funding, Inc. 1 6.13% $7,196
LEGEND LENDING CORPORATION 1 6.75% $18,871
Merchants Bank 1 6.00% $5,686
MidFirst Bank 1 6.25% $10,535
ML Mortgage Corp. 1 7.75% $15,459
MOUNTAIN AMERICA 1 5.50% $4,779
MOUNTAIN WEST FINANCIAL, INC. 1 6.75% $13,905
NATIONS RELIABLE LENDING, LLC 1 7.13% $24,853
1st Security Bank of Washington 1 6.13% $4,524
NETWORK CAPITAL FUNDING CORPORATION 1 6.50% $12,398
Northpointe Bank 1 6.13% $11,074
OAKTREE FUNDING CORP. 1 5.13% $16,140
PANORAMA MORTGAGE GROUP, LLC 1 6.25% $32,257
PINNACLE LENDING GROUP, INC. 1 5.75% $19,372
PNC Bank 1 6.25% $19,812
POINT Mortgage 1 7.75% $4,830
SOUTHWEST STAGE FUNDING, LLC 1 7.00% $871
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $28,378
TJC Mortgage, Inc. 1 7.63% $11,191
TOP FLITE FINANCIAL, INC. 1 6.25% $20,788
Tradition Mortgage, LLC 1 6.75% $14,599
TruHome Solutions, LLC 1 5.38% $8,654
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.50% $0
Watermark Capital, Inc. 1 5.38% $15,526
Willamette Valley Bank 1 6.25% $28,937
Zions Bank 1 6.25% $5,722

The top Phoenix VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 861 VA loans originated. Their average total fees are $10,174, which is $1,948 higher than the next largest lender, Mortgage Research Center, LLC.

The lowest fee Phoenix VA lenders (with over 10 loans originated) are Shea Mortgage Inc. ($3,585), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,833), PULTE MORTGAGE LLC ($5,402), HOMEAMERICAN MORTGAGE CORPORATION ($5,724) and EAGLE HOME MORTGAGE, LLC ($6,745).

The lowest rate Phoenix VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.18%), Shea Mortgage Inc. (5.27%), KBHS HOME LOANS, LLC (5.31%), DHI MORTGAGE COMPANY, LTD. (5.34%) and PENTAGON FEDERAL CREDIT UNION (5.35%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Phoenix (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $339,700 (6.2%) $582,121 (9.1%) 1.26 16,040
2018-02-01 $349,950 (7.0%) $596,230 (9.1%) 1.27 15,903
2018-03-01 $364,900 (8.3%) $614,257 (9.8%) 1.28 15,660
2018-04-01 $364,900 (5.0%) $615,185 (7.8%) 1.24 15,588
2018-05-01 $364,450 (4.4%) $606,681 (6.8%) 1.22 15,053
2018-06-01 $359,000 (5.6%) $589,104 (5.6%) 1.20 14,601
2018-07-01 $349,900 (4.5%) $562,151 (4.7%) 1.17 14,196
2018-08-01 $344,750 (4.5%) $549,091 (4.1%) 1.15 14,585
2018-09-01 $345,000 (4.6%) $548,169 (3.3%) 1.16 14,741
2018-10-01 $340,099 (3.1%) $552,484 (2.3%) 1.15 16,146
2018-11-01 $342,200 (3.7%) $568,839 (3.2%) 1.16 16,970
2018-12-01 $344,828 (3.0%) $575,150 (1.1%) 1.19 16,741
2019-01-01 $347,945 (2.4%) $582,810 (0.1%) 1.20 17,303
2019-02-01 $349,900 (0.0%) $587,222 (-1.5%) 1.18 17,882
2019-03-01 $361,329 (-1.0%) $601,751 (-2.0%) 1.18 17,409
2019-04-01 $371,350 (1.8%) $615,009 (0.0%) 1.18 16,852
2019-05-01 $374,600 (2.8%) $618,035 (1.9%) 1.17 15,913
2019-06-01 $380,000 (5.9%) $626,550 (6.4%) 1.19 14,610
2019-07-01 $382,536 (9.3%) $624,785 (11.1%) 1.20 13,215
2019-08-01 $384,727 (11.6%) $628,020 (14.4%) 1.22 12,659
2019-09-01 $384,318 (11.4%) $631,551 (15.2%) 1.23 12,832
2019-10-01 $384,045 (12.9%) $637,627 (15.4%) 1.24 13,012
2019-11-01 $383,995 (12.2%) $643,327 (13.1%) 1.26 12,980
2019-12-01 $379,990 (10.2%) $659,922 (14.7%) 1.27 11,902
2020-01-01 $392,311 (12.8%) $681,225 (16.9%) 1.31 11,211
2020-02-01 $399,900 (14.3%) $697,431 (18.8%) 1.31 10,356
2020-03-01 $404,264 (11.9%) $698,688 (16.1%) 1.27 10,126
2020-04-01 $375,000 (1.0%) $621,453 (1.1%) 1.17 12,654
2020-05-01 $385,000 (2.8%) $643,224 (4.1%) 1.17 11,855
2020-06-01 $430,250 (13.2%) $747,605 (19.3%) 1.27 8,794
2020-07-01 $448,995 (17.4%) $784,016 (25.5%) 1.30 7,386
2020-08-01 $444,000 (15.4%) $775,732 (23.5%) 1.27 7,165
2020-09-01 $436,304 (13.5%) $773,557 (22.5%) 1.25 7,350
2020-10-01 $435,000 (13.3%) $771,889 (21.1%) 1.25 7,633
2020-11-01 $417,000 (8.6%) $746,886 (16.1%) 1.22 7,216
2020-12-01 $408,500 (7.5%) $736,213 (11.6%) 1.21 5,980
2021-01-01 $414,970 (5.8%) $773,410 (13.5%) 1.24 4,955
2021-02-01 $412,950 (3.3%) $800,100 (14.7%) 1.20 4,019
2021-03-01 $420,000 (3.9%) $800,154 (14.5%) 1.19 3,916
2021-04-01 $427,995 (14.1%) $807,094 (29.9%) 1.16 4,156
2021-05-01 $450,000 (16.9%) $817,309 (27.1%) 1.20 4,275
2021-06-01 $460,000 (6.9%) $801,961 (7.3%) 1.21 4,872
2021-07-01 $475,000 (5.8%) $773,132 (-1.4%) 1.25 5,623
2021-08-01 $475,000 (7.0%) $753,806 (-2.8%) 1.27 6,017
2021-09-01 $476,950 (9.3%) $747,219 (-3.4%) 1.27 6,236
2021-10-01 $484,993 (11.5%) $754,445 (-2.3%) 1.29 6,462
2021-11-01 $482,495 (15.7%) $765,486 (2.5%) 1.29 6,256
2021-12-01 $487,000 (19.2%) $783,838 (6.5%) 1.32 5,573
2022-01-01 $499,000 (20.3%) $815,920 (5.5%) 1.35 4,645
2022-02-01 $499,950 (21.1%) $857,432 (7.2%) 1.30 4,050
2022-03-01 $500,950 (19.3%) $864,079 (8.0%) 1.25 4,029
2022-04-01 $525,000 (22.7%) $877,482 (8.7%) 1.25 4,590
2022-05-01 $549,450 (22.1%) $856,587 (4.8%) 1.26 7,121
2022-06-01 $547,500 (19.0%) $818,345 (2.0%) 1.22 10,236
2022-07-01 $525,000 (10.5%) $746,534 (-3.4%) 1.18 14,297
2022-08-01 $499,950 (5.3%) $709,896 (-5.8%) 1.16 16,371
2022-09-01 $494,475 (3.7%) $700,561 (-6.2%) 1.16 16,733
2022-10-01 $485,000 (0.0%) $709,726 (-5.9%) 1.14 17,772
2022-11-01 $477,000 (-1.1%) $717,207 (-6.3%) 1.15 17,345
2022-12-01 $474,900 (-2.5%) $721,974 (-7.9%) 1.17 14,790
2023-01-01 $479,495 (-3.9%) $758,362 (-7.1%) 1.19 13,487
2023-02-01 $487,000 (-2.6%) $807,832 (-5.8%) 1.18 12,499
2023-03-01 $499,363 (-0.3%) $845,639 (-2.1%) 1.18 11,470
2023-04-01 $516,006 (-1.7%) $884,740 (0.8%) 1.20 10,164
2023-05-01 $529,447 (-3.6%) $916,513 (7.0%) 1.20 9,166
2023-06-01 $539,945 (-1.4%) $928,389 (13.5%) 1.21 8,598
2023-07-01 $539,900 (2.8%) $892,899 (19.6%) 1.23 8,231
2023-08-01 $537,900 (7.6%) $882,775 (24.4%) 1.24 8,700
2023-09-01 $532,000 (7.6%) $867,398 (23.8%) 1.24 9,317
2023-10-01 $529,759 (9.2%) $874,104 (23.2%) 1.25 10,798
2023-11-01 $522,450 (9.5%) $871,475 (21.5%) 1.24 12,000
2023-12-01 $526,725 (10.9%) $885,567 (22.7%) 1.28 11,355
2024-01-01 $535,000 (11.6%) $932,383 (23.0%) 1.31 11,429
2024-02-01 $539,995 (10.9%) $979,418 (21.2%) 1.30 11,947
2024-03-01 $534,990 (7.1%) $948,151 (12.1%) 1.26 13,407
Phoenix's median listing price for 2024-03-01 was $534,990, a difference of $35,627 (7.1%) versus the prior year and $-5,005 versus the prior month.

Phoenix's median listing price comes in at 126% of the national average.

Phoenix's average listing price for 2024-03-01 was $948,151, a difference of $102,512 (12.1%) versus the prior year and $-31,267 versus the prior month.

For the 2024-03-01 period, Phoenix had 13,407 MLS listings, a difference of 1,460 listings (12%) versus the prior month and 1,937 listings (17%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Phoenix (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 59 days 2,154 sqft
2018-02-01 44 days 2,190 sqft
2018-03-01 43 days 2,247 sqft
2018-04-01 43 days 2,243 sqft
2018-05-01 43 days 2,245 sqft
2018-06-01 44 days 2,218 sqft
2018-07-01 45 days 2,180 sqft
2018-08-01 46 days 2,160 sqft
2018-09-01 44 days 2,154 sqft
2018-10-01 43 days 2,137 sqft
2018-11-01 44 days 2,137 sqft
2018-12-01 52 days 2,128 sqft
2019-01-01 59 days 2,122 sqft
2019-02-01 47 days 2,132 sqft
2019-03-01 44 days 2,172 sqft
2019-04-01 44 days 2,210 sqft
2019-05-01 46 days 2,214 sqft
2019-06-01 49 days 2,237 sqft
2019-07-01 51 days 2,254 sqft
2019-08-01 48 days 2,251 sqft
2019-09-01 43 days 2,243 sqft
2019-10-01 39 days 2,236 sqft
2019-11-01 44 days 2,215 sqft
2019-12-01 51 days 2,202 sqft
2020-01-01 57 days 2,205 sqft
2020-02-01 44 days 2,216 sqft
2020-03-01 40 days 2,202 sqft
2020-04-01 36 days 2,100 sqft
2020-05-01 49 days 2,119 sqft
2020-06-01 51 days 2,221 sqft
2020-07-01 41 days 2,208 sqft
2020-08-01 30 days 2,164 sqft
2020-09-01 27 days 2,131 sqft
2020-10-01 28 days 2,113 sqft
2020-11-01 37 days 2,028 sqft
2020-12-01 40 days 1,992 sqft
2021-01-01 42 days 1,997 sqft
2021-02-01 34 days 1,982 sqft
2021-03-01 29 days 1,978 sqft
2021-04-01 27 days 1,972 sqft
2021-05-01 27 days 1,993 sqft
2021-06-01 26 days 1,986 sqft
2021-07-01 27 days 1,990 sqft
2021-08-01 28 days 2,005 sqft
2021-09-01 30 days 1,988 sqft
2021-10-01 30 days 2,002 sqft
2021-11-01 33 days 2,002 sqft
2021-12-01 36 days 1,993 sqft
2022-01-01 37 days 1,990 sqft
2022-02-01 28 days 1,980 sqft
2022-03-01 28 days 1,940 sqft
2022-04-01 24 days 1,963 sqft
2022-05-01 22 days 1,977 sqft
2022-06-01 24 days 1,972 sqft
2022-07-01 30 days 1,942 sqft
2022-08-01 37 days 1,915 sqft
2022-09-01 46 days 1,904 sqft
2022-10-01 51 days 1,908 sqft
2022-11-01 58 days 1,910 sqft
2022-12-01 69 days 1,898 sqft
2023-01-01 74 days 1,918 sqft
2023-02-01 60 days 1,940 sqft
2023-03-01 50 days 1,976 sqft
2023-04-01 50 days 2,010 sqft
2023-05-01 45 days 2,033 sqft
2023-06-01 44 days 2,050 sqft
2023-07-01 45 days 2,039 sqft
2023-08-01 45 days 2,034 sqft
2023-09-01 39 days 2,020 sqft
2023-10-01 37 days 2,010 sqft
2023-11-01 40 days 1,984 sqft
2023-12-01 53 days 2,027 sqft
2024-01-01 60 days 2,041 sqft
2024-02-01 45 days 2,047 sqft
2024-03-01 49 days 2,031 sqft
Phoenix's median listing age (time on market) for 2024-03-01 was 49 days. This is -2% shorter than the same period one year ago.

Phoenix's median square footage for active listings during the 2024-03-01 period was 2,031 sqft. One year prior, the average listing was 1,976 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.