Phoenix, AZ Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Phoenix, AZ is $460,900, down 2.4% year-over-year. Homes sell in an average of 62 days with 5,506 active listings. The market is currently a leaning buyer's.
$460,900median sale price
Is Phoenix a buyer's or seller's market?
Phoenix, AZ is currently a leaning buyer's, based on 4.5 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
1,233
Last 12 weeks
Days on market
62
Average pace
Active listings
5,506
4.5 months supply
Sale-to-list
97.7%
Below asking
Phoenix, AZ market data
| Metric | Value |
|---|---|
| Median sale price | $460,900 |
| Median list price | $498,750 |
| Year-over-year price change | -2.4% |
| Average days on market | 62 days |
| Active inventory | 5,506 listings |
| Months of supply | 4.5 months |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Phoenix housing market is currently classified as a leaning buyer's with a median sale price of $460,900. Prices have fallen 2.4% compared to last year, with homes spending an average of 62 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Phoenix
There are currently 5,506 homes listed for sale in Phoenix, Arizona. The median listing price is $499K.
Active listings
5,506
Homes on market
Median list price
$499K
Avg. days on market
62
Days until sale
New this week
2,006
Newly listed
Top public schools in Phoenix
50 schools tracked · 74,607 students
The largest public schools serving Phoenix, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Arizona Virtual Academy
Grades K-12 · 4,499 students
Trevor Browne High School
Grades 9-12 · 2,803 students
Desert Vista High School
Grades 9-12 · 2,802 students
Maryvale High School
Grades 9-12 · 2,685 students
Pinnacle High School
Grades 7-12 · 2,501 students
Sunnyslope High School
Grades 9-12 · 2,270 students
Camelback High School
Grades 9-12 · 2,191 students
South Mountain High School
Grades 9-12 · 2,171 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Phoenix?
The median home sale price in Phoenix is $460,900, down 2.4% from last year.
How long do homes stay on market in Phoenix?
Homes typically spend 62 days on market before going under contract.
Is Phoenix a buyer's or seller's market?
With 4.5 months of supply, Phoenix is currently a leaning buyer's.
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