Question 1

1. Is Phoenix an affordable place to live?

Accepted Answer

Phoenix is generally more affordable than major coastal metros, though costs have risen with the city’s rapid growth. Housing remains its biggest advantage relative to markets like California, and Arizona’s tax treatment of retirement income adds further savings. Everyday expenses are close to national averages, keeping the overall cost of living reasonable for a large city.

Question 2

2. What are the best neighborhoods in Phoenix?

Accepted Answer

Arcadia and the Biltmore are perennial favorites for their charm, dining, and central location, while Desert Ridge appeals to buyers wanting newer master-planned living. Downtown and Roosevelt Row attract urban buyers, and historic districts like Willo offer character-rich homes. The right choice depends on your budget, commute, and lifestyle.

Question 3

3. How much are property taxes in Phoenix?

Accepted Answer

Arizona’s property taxes are relatively low by national standards, with effective rates commonly below one percent of a home’s value. The exact amount depends on the assessed value and local district rates. The Maricopa County Assessor’s office and your agent can provide precise figures for any specific home.

Question 4

4. Is it a good time to buy a home in Phoenix?

Accepted Answer

The Phoenix market has become more balanced, with slight price softening giving buyers more negotiating leverage than in recent years. Homes still sell at a steady pace, so preparation and financing readiness matter. A local agent can help you evaluate current inventory and craft a competitive offer.

Question 5

5. How do people handle the summer heat in Phoenix?

Accepted Answer

Summers are hot and dry, with highs often above 105 degrees from June through September. Residents adapt by exercising and running errands early, relying on air conditioning, enjoying pools, and escaping to Arizona’s cooler high country on weekends. The reward is a stunning, sunny winter that draws visitors nationwide.

Question 6

6. What is the job market like in Phoenix?

Accepted Answer

Phoenix has one of the strongest and most diversified job markets in the country, anchored by healthcare, finance, aerospace, and a rapidly expanding semiconductor manufacturing sector. Major employers include Banner Health, American Express, and Wells Fargo, with significant new investment from companies like TSMC. This growth continues to attract workers and companies from across the nation.

Question 7

7. Are the schools in Phoenix good?

Accepted Answer

Phoenix offers a wide range of public, charter, and private schools, with quality varying considerably by district and neighborhood. Several highly rated charter and magnet programs are available, and the city is home to strong universities including Arizona State University. Families should verify school assignments before choosing a home.

Question 8

8. What is the commute like in Phoenix?

Accepted Answer

Phoenix is a sprawling metro connected by an extensive freeway network, including the I-10, Loop 101, and Loop 202, plus a light rail line linking downtown, Tempe, and Mesa. Commute times vary widely depending on where you live and work, and rush-hour traffic can be significant. Choosing a home near your workplace or transit can make a meaningful difference.

Question 9

9. Is Phoenix a good market for real estate investment?

Accepted Answer

Phoenix’s population growth, job creation, and relative affordability have made it a popular market for investors and long-term buyers. Both long-term rentals and short-term vacation rentals can be viable, though local regulations and neighborhood dynamics matter. A local team can help you target areas with strong appreciation and rental demand.

Question 10

10. What should I know before relocating to Phoenix?

Accepted Answer

Understand that Phoenix is large and spread out, so neighborhood choice heavily affects your commute and daily life. Plan for the summer heat, research school districts carefully, and factor in HOA rules common to many newer communities. Working with an agent who knows the Valley makes finding the right area far easier.

Market indicator	This week	Change
Active homes for sale	884	▲ +0.8% vs. prior week
New listings this week	60	▼ -41.2% vs. prior week
Homes going under contract this week	50	▼ -29.6% vs. prior week
Closed sales this week	29	▼ -34.1% vs. prior week
Median asking price	$615,000	▲ +0.8% vs. prior week
Median sold price (last 30 days)	$580,000	▼ -0.6% vs. prior week
Median days to contract (last 30 days)	35 days	▲ +2 days vs. prior week
Price reductions this week	152	▲ +10.1% vs. prior week

Price range	Active listings	Under contract this week
$1M – $2M	100	3
$2M – $3M	25	1
$3M – $5M	7	2
$5M+	8	0

Month	Active listings	New listings	Pending	Sold	Median asking	Median sold	Avg. days on market
Sep 2026	922	370	183	254	$615,000	$579,500	62
Aug 2026	892	359	253	266	$615,000	$590,000	76
Jul 2026	907	355	270	296	$619,000	$592,400	62
Jun 2026	930	366	279	306	$619,000	$615,000	60
May 2026	939	403	329	347	$619,900	$579,000	54
Apr 2026	896	503	325	323	$625,000	$575,000	58

Monthly Inventory

Gilbert inventory

Median Asking and Sold Prices

Gilbert median prices

Days on Market

Gilbert days on market

Is Gilbert a Buyer’s or Seller’s Market?

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