MarketPulse
Home/Markets/Phoenix, AZ
Buyer's Market · Updated June 2026

PhoenixHousing Market

Live market data for Phoenix, Arizona. Median prices, inventory, days on market, and AI-powered trend analysis — backed by Redfin MLS data.

Redfin-poweredUpdated dailyFree for agents

14-day free trial · No credit card required

Median Sale Price
+5.7% YoY

$347,970

Prices in Phoenix have appreciated +5.7% compared to last year.

Days on Market

24

Fast-moving market — homes sell quickly.

Active Listings

161

53 sold (30d)

Price / Sq Ft

$215

Median listing PPSF

Months of Inventory

6.7

Buyer's Market

Sold (30 days)

53

In ZIP 85001

AI Market Analysis

WHAT'S HAPPENING IN PHOENIX RIGHT NOW

The Phoenix, AZ housing market currently shows a median sale price of $347,970 — up +5.7% year-over-year. Homes are selling in an average of 24 days, with 161 active listings available.

With 6.7 months of inventory, Phoenix is currently a buyer's market. Buyers have more negotiating power, and sellers may need to price competitively to attract offers. Buyers can take more time to evaluate and negotiate. Price per square foot sits at $215.

In the last 30 days, 53 homes have sold in this market. Real estate agents in Phoenix use MarketPulse to send branded weekly market updates to past clients, helping them stay top-of-mind and earn repeat business.

For Real Estate Agents

Send this report to your clients — with YOUR branding

MarketPulse automatically emails branded market reports like this one to your entire client list every week. Your name, your logo, your colors.

No credit card · Cancel anytime

Your branding, your colors, your name
Automated weekly delivery — zero ongoing work
AI-written insights in your tone of voice
Real MLS + Redfin data for any US ZIP
Engagement tracking — know who's a hot lead
Social posts auto-generated for IG/FB/LinkedIn/X

COMMON QUESTIONS ABOUT PHOENIX

Quick answers based on the latest market data.

What's the median home price in Phoenix, AZ?+
As of June 2026, the median home sale price in Phoenix, AZ is $347,970. This is up +5.7% year-over-year.
Is Phoenix a buyer's market or seller's market?+
Phoenix currently has 6.7 months of inventory, making it a buyer's market. Inventory is high (over 6 months) which favors buyers — there's more negotiating room and sellers may price competitively.
How long do homes take to sell in Phoenix?+
Homes in Phoenix are currently selling in an average of 24 days. This is fast-moving — well-priced homes attract offers quickly.
How is this data calculated?+
Market data is aggregated from Redfin's public MLS feeds and updated daily. Median prices reflect closed sales, days on market measures listing-to-contract time, and inventory is calculated from active listings divided by the recent sales pace.

More Markets in Arizona

Tucson, AZMesa, AZ

Other Markets We Track

New York, NYLos Angeles, CAChicago, ILHouston, TXPhiladelphia, PASan Antonio, TXSan Diego, CADallas, TXAustin, TXSan Jose, CAFort Worth, TXJacksonville, FL