Updated weekly

Phoenix Real Estate Market

Weekly Housing Trends & Home Prices

Track Phoenix real estate with weekly inventory, new listings, contracts, prices and days on market from ARMLS data.

Phoenix Real Estate Market This Week

This report tracks single-family and residential listings in the City of Phoenix each week, with a closer look at the luxury segment.

Week ending October 24, 2026 · Single-family and residential listings, Phoenix

4,551Active homes for sale▲ +3.7% vs. prior week
406New listings this week▲ +12.8% vs. prior week
270Under contract this week▼ -5.9% vs. prior week
167Closed sales this week▼ -20.5% vs. prior week
$439,000Median asking price• 0.0% vs. prior week
$440,000Median sold price (30 days)▲ +0.3% vs. prior week
37 daysMedian days to contract▼ -1 days vs. prior week
620Price reductions this week▼ -2.8% vs. prior week

Phoenix had 4,551 homes for sale this week, with 406 new listings and 270 homes going under contract. 167 homes closed, and 620 active listings reduced their price. Over the last 30 days, the median sold price was $440,000 and homes took a median of 37 days to go under contract. New listings outpaced homes going under contract, giving buyers more choices.

Phoenix Market Indicators

This week compared with the prior week.

Market indicatorThis weekChange
Active homes for sale4,551▲ +3.7% vs. prior week
New listings this week406▲ +12.8% vs. prior week
Homes going under contract this week270▼ -5.9% vs. prior week
Closed sales this week167▼ -20.5% vs. prior week
Median asking price$439,000• 0.0% vs. prior week
Median sold price (last 30 days)$440,000▲ +0.3% vs. prior week
Median days to contract (last 30 days)37 days▼ -1 days vs. prior week
Price reductions this week620▼ -2.8% vs. prior week

Phoenix Luxury Market

Active luxury homes and homes going under contract this week, by price range.

Price rangeActive listingsUnder contract this week
$1M – $2M37621
$2M – $3M753
$3M – $5M422
$5M+300

Phoenix had 523 active homes priced at $1 million and up this week, and 26 of them went under contract. Higher price ranges usually have fewer buyers, so homes there tend to take longer to sell.

Phoenix Monthly Housing Market Trends

Monthly figures reported by Flexmls for Phoenix single-family and residential listings.

MonthActive listingsNew listingsPendingSoldMedian askingMedian soldAvg. days on market
Sep 20264,4901,701774964$435,000$445,45073
Aug 20264,2811,509969935$435,000$424,74070
Jul 20264,2711,5129531,161$435,000$434,20072
Jun 20264,5491,5631,1121,242$440,000$443,70071
May 20264,6091,7461,2061,259$449,000$450,00066
Apr 20264,5671,8691,3071,303$444,000$455,00071
View monthly market charts

Monthly Inventory

Phoenix inventory

  • 4458,4425,4031,3960,4344,4469,4567,4609,4550,4271,4283,4490
  • 1065,916,1063,873,1017,1281,1303,1259,1242,1161,935,964

    • Information is deemed to be reliable, but is not guaranteed. © 2026

    Median Asking and Sold Prices

    Phoenix median prices

    • 441500.00,435000.00,435000.00,435000.00,439000.00,440000.00,444000.00,449000.00,440000.00,435000.00,435000.00,435000.00
    • 428500.00,446000.00,435000.00,425000.00,440240.00,450000.00,455000.00,450000.00,443700.00,434200.00,424740.00,445450.00

      • Information is deemed to be reliable, but is not guaranteed. © 2026

      Days on Market

      Phoenix days on market

      • 81.3,80.6,80.0,85.5,76.5,71.2,74.4,68.7,74.8,75.2,74.2,77.7
    • 76.6,74.9,75.0,80.2,74.4,68.4,70.5,66.0,70.9,71.7,70.1,72.8

      • Information is deemed to be reliable, but is not guaranteed. © 2026

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

      It depends on the property type and price range. A buyer’s market generally occurs when inventory exceeds demand, giving buyers more options and negotiating room. A seller’s market develops when inventory is limited relative to demand. In Phoenix, a well-priced family home may draw strong interest while a luxury or historic home takes longer to find the right buyer, because each segment has a different buyer pool.

      Should I Buy or Sell in Phoenix Right Now?

      For buyers, current inventory, competing listings, financing costs and negotiating opportunities matter most. For sellers, start with a review of competing homes, recent comparable sales, buyer demand and your home’s condition and pricing. The most useful question is how current conditions affect your specific home and neighborhood.

      Phoenix Real Estate Market FAQs

      What is the current median home price in Phoenix?

      It changes with the reporting period and property type. The weekly numbers above show the current median asking price and the median sold price over the last 30 days, and the monthly table shows longer-term trends.

      How many homes are for sale in Phoenix right now?

      The number of active listings changes daily. This report shows an updated weekly count from ARMLS data for single-family and residential listings with a Phoenix city designation.

      Is Phoenix a buyer’s or seller’s market?

      It depends on neighborhood, property type and price range. Central, north and south Phoenix can behave very differently, so compare inventory and days to contract for the area you care about.

      Are Phoenix home prices going up or down?

      Trends vary by neighborhood and price range. A change in median sold price can reflect the mix of homes that closed rather than a change in every home’s value.

      How long does it take to sell a home in Phoenix?

      It depends on condition, pricing, location and competition. See the median days to contract above for current conditions.

      Is Paradise Valley Village part of Phoenix?

      Yes. Paradise Valley Village is an area inside Phoenix. It is different from the Town of Paradise Valley, which is a separate town.

      Featured Market Resources

      View All Resources →

      Get the Full Market Report

      Receive our Phoenix market report with the latest data and insights, or ask for a report on a specific community.

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      Data source: Arizona Regional Multiple Listing Service (ARMLS) via Flexmls. Weekly figures cover the 7 days ending on the date shown; median sold price and days to contract use the last 30 days of closed sales. Figures come from listings available to our website and may differ slightly from official MLS reports.

      Local guide

      Phoenix Real Estate Market: What to Know

      The Phoenix real estate market changes week to week. This page shows the latest numbers in plain language, so you can make better decisions.

      Aerial view of Phoenix homes with the skyline in the distance

      What the Numbers Show

      The weekly report tracks active listings, new listings and prices. It also shows the median days to contract. As a result, you can see whether homes are selling fast or slow right now.

      Why Each Neighborhood Is Different

      Phoenix is so large that one citywide number does not tell the whole story. For example, Arcadia, Ahwatukee and north Phoenix can move very differently. Therefore, ask for numbers for the area you care about.

      How Buyers and Sellers Can Use This Report

      Buyers can see how much room they have to negotiate. Sellers, on the other hand, can set a realistic price and timeline. In addition, both can track changes over several weeks.

      Get a Closer Look

      Numbers are a starting point. For a look at your neighborhood or home, browse all Phoenix communities and homes for sale, or contact The Holm Group.

      Common Questions About the Phoenix Market

      How often is this report updated? The market numbers update every week.

      Where does the data come from? The report uses ARMLS listing data for homes with a Phoenix city designation.

      Can you give me numbers for my neighborhood? Yes. We can pull recent sales and listings for your specific area.

      Andrew Holm, The Holm Group

      Ask Andrew

      Want a personalized Phoenix market analysis?

      Every home and neighborhood has its own market conditions. Andrew can explain what current trends mean for your home, your neighborhood and your plans.

      Request a Home Value AnalysisCall 480.206.4265
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