Current Price

$107,592

1 Month Forecast

â–¼ $102,417

1-Year Forecast *

â–² $107,725

5-Year Forecast *

â–² $113,315

"Is it a good time to buy homes in Phoenix?" "Does investing in real estate in Phoenix (Illinois State, Cook County) worth it?" According to our live Forecast System, buying a house in Phoenix is a not so good short-term (1-year) investment*. The Phoenix average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Phoenix" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Phoenix in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Phoenix can be a profitable property investment option. The median price of an average house in Phoenix was 107,592 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Phoenix" area is 113,315 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +5.32% meaning that investing 100000 USD today may yield a profit of 5,320 USD by 2031.

Current Median Listing Price: 107,592 USD Median Listing Price Per Square Foot: 60 USD

Phoenix Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Phoenix (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Phoenix Price Target

Phoenix median home price target in 12 months: $107,725* (upside of 0.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $117,240 $101,164 $101,164 $117,240
2024 $97,757 $107,592 $97,757 $113,324
2023 $98,479 $97,890 $94,594 $98,479
2022 $87,411 $101,097 $87,411 $103,274
2021 $76,031 $85,048 $76,031 $87,075
2020 $62,847 $74,422 $62,847 $74,422
2019 $55,138 $61,357 $55,138 $61,357
2018 $49,820 $54,963 $49,820 $55,952
2017 $38,086 $48,794 $38,086 $48,794
2016 $35,612 $37,739 $35,612 $38,517
2015 $39,150 $35,033 $35,027 $39,593
2014 $36,901 $38,092 $35,595 $38,092
2013 $34,866 $35,674 $32,973 $35,674
2012 $39,288 $34,406 $32,809 $39,288

Questions & Answers about the Phoenix Housing Market Forecast

How much does an average home cost in Phoenix today?

The value of an average home (the listing price) in Phoenix is $107,592 USD.

What is the average price per square foot in Phoenix?

According to Walletinvestor the median price per square foot in Phoenix is 60 USD.

Will the median listing price of homes in Phoenix grow / rise / go up?

Yes. The Phoenix home prices may rise from 107,592 USD to 107,725 USD in one year.

Is it profitable to invest in Phoenix homes?

Yes. The long-term profit potential is +0.12% in one year.

Will Phoenix house prices fall / drop?

No. See above.

What is the predicted price of a Phoenix home in 2030?

The predicted home sales price of a Phoenix home in 2030 in Phoenix is 116,654 USD.

What is the predicted price of a Phoenix home in 2035?

The predicted home sales price of a Phoenix home in 2035 in Phoenix is 126,487 USD.

Will real estate prices decrease in Phoenix?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Phoenix is the 19068. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Phoenix decreased, looking at the past 12 months.

According to Walletinvestor's Phoenix real estate market research, home values will increase in the next 12 months.

Median home values decreased by 2.004% to 107,592 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 1.636% in 2021
  • 1.164% in 2022
  • 2.074% in 2023
  • 0.726% in 2024
  • 1.004% in 2025
  • 1.844% in 2026

Based on our Phoenix real estate market research and report the predicted sales prices will increase by 1.245% in the next 10 years.

Over the last 12 months, the value of homes in Phoenix fluctuated: decreasing 4 times.

Phoenix (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Phoenix Housing Market Forecast with Real Estate Prices for 2025
August 2025 102417 96272 108562
September 2025 103685 95909 111461
October 2025 104644 97843 111446
November 2025 103597 94377 112817
December 2025 102498 96553 108443
Phoenix Housing Market Forecast with Real Estate Prices for 2026
January 2026 101411 92892 109929
February 2026 101296 94408 108185
March 2026 102551 95885 109216
April 2026 103820 95826 111815
May 2026 105106 97328 112884
June 2026 106407 97150 115665
July 2026 107725 100938 114511
August 2026 109059 98480 119637
September 2026 110409 101355 119462
October 2026 111776 104063 119488
November 2026 113059 106501 119616
December 2026 112684 106036 119332
Phoenix Housing Market Forecast with Real Estate Prices for 2027
January 2027 112186 104782 119590
February 2027 112003 104611 119396
March 2027 112107 105941 118272
April 2027 110918 101711 120124
May 2027 109741 103047 116435
June 2027 108577 97719 119435
July 2027 107426 98832 116020
August 2027 107552 99270 115833
September 2027 108288 101250 115327
October 2027 109257 98332 120183
November 2027 109842 98967 120716
December 2027 110335 100625 120044
Phoenix Housing Market Forecast with Real Estate Prices for 2028
January 2028 110448 101501 119394
February 2028 111007 104458 117557
March 2028 111483 104794 118172
April 2028 111169 103276 119062
May 2028 111018 100139 121898
June 2028 111525 104833 118216
July 2028 112906 105793 120019
August 2028 114304 105388 123219
September 2028 115719 105073 126365
October 2028 117152 108014 126290
November 2028 118602 112435 124770
December 2028 119898 111745 128051
Phoenix Housing Market Forecast with Real Estate Prices for 2029
January 2029 120700 108871 132528
February 2029 120248 109907 130590
March 2029 118973 110407 127539
April 2029 117711 110884 124538
May 2029 119169 110589 127749
June 2029 117905 108354 127455
July 2029 116654 106855 126453
August 2029 115417 108607 122227
September 2029 114193 106885 121501
October 2029 112982 105864 120100
November 2029 111783 100605 122962
December 2029 113167 103209 123126
Phoenix Housing Market Forecast with Real Estate Prices for 2030
January 2030 114569 104028 125109
February 2030 115629 109732 121526
March 2030 114471 103825 125117
April 2030 113257 106348 120166
May 2030 112056 104548 119564
June 2030 111929 104206 119653
July 2030 113315 105497 121134
August 2030 114718 105311 124125
September 2030 116139 110332 121946
October 2030 117577 110757 124396
November 2030 119033 109391 128674
December 2030 120506 112071 128942
Phoenix Housing Market Forecast with Real Estate Prices for 2031
January 2031 121998 112239 131758
February 2031 123509 114493 132525
March 2031 124926 116931 132922
April 2031 124512 112061 136964
May 2031 123962 113054 134871
June 2031 123760 114726 132795
July 2031 123874 115575 132174
August 2031 122560 113981 131140
September 2031 121261 112409 130113
October 2031 119974 108457 131492
November 2031 118702 111342 126062
December 2031 118842 108502 129181
Phoenix Housing Market Forecast with Real Estate Prices for 2032
January 2032 119655 112476 126835
February 2032 120726 108895 132557
March 2032 121372 112511 130232
April 2032 121917 112285 131548
May 2032 122041 114231 129852
June 2032 122660 113092 132227
July 2032 123186 115795 130577

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.