These Are the Top 5 Valley Zip Codes With the Greatest Home Price Increases

The US housing market has seen record-breaking growth over the past year.

According to a recent report by the real estate brokerage firm Redfin, the median home-sale price nationally realized $348,500, a record high of 21% year-over-year growth. One contributing factor to this accelerated growth rate is that more high-end homes are being sold now than a year ago, where asking prices have reached an all-time high of $360,975.

Taking a look closer look at Metro Phoenix, these are the five neighborhoods with the largest home sale price increases since last year, according to the Arizona Regional Multiple Listing Service:

1. 85342 — Peoria

Median home sale price: $292,000 this year.
Percent change: 42.4%

2. 85249 — Chandler

Median home sale price: $585,000
Percent change: 39.4%

3. 85253 — Paradise Valley

Median home sale price: $2.15 million
Percent change: 34.8%

4. 85262 — Scottsdale

Median home sale price: $1.175 million
Percent change: 34.3%

5. 85205 — Mesa (tie)

Median home sale price: $335,000
Percent change: 34%

5. 85034 — Phoenix (tie)

Median home sale price: $268,000
Percent change: 34%

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