Home prices in Arizona continue to rise amid limited housing supply and increased mortgage rates slowing growth. Typical home values vary widely, with some areas seeing over 10% increases in one year and substantial five-year gains. The Phoenix-Mesa-Chandler metro area shows the highest values and largest dollar increases, including a property valued over $3.5 million with an 11.9% one-year rise and 78.6% five-year growth.
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