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City / Town Overview

Phoenix, AZ

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The Phoenix, AZ real estate market currently shows 5,286 active listings, with 1,397 pending sales. Homes are averaging 62.1 days on the market before going under contract.

Inventory has increased compared to last year, with 60 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 62.1 days on market compared to 60.9 days last year.

The median listing price has fallen 10.4% year-over-year, from $597,631 to $535,406.

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Market Context

Market Context

Population: 1,447,391  ·  Density: 1,899.1/mi²  ·  Median household income: $71,726

Typical home value: $337,699  ·  Homeownership: 55%

Included Areas

Phoenix: 85004, 85007, 85015, 85017, 85020, 85023, 85042, 85043, 85044, 85045, 85046, 85048

Camelback East: 85008, 85010, 85011, 85014, 85018, 85038

North Garfield: 85001, 85002, 85006, 85030

Alhambra: 85012, 85013, 85019

Rose Lane Trailer Park: 85005, 85009

North Mountain: 85021, 85029

Paradise Valley: 85024, 85032

Maryvale: 85031, 85035

Central City: 85003

Colony Biltmore IV: 85016

Greentrails: 85022

Tovrea: 85026

Rose Garden Place III: 85027

The Preserve: 85028

Area Map

Market Overview

Active Listings
5,286
⇧ 1.1% vs 5,226 last year
Pending
1,397
26% pending ratio
Median Price
$535,406
⇩ 10.4% vs $597,631 last year
Average Price
$679,959
⇩ 6.7% vs $728,519 last year
Days on Market
62.1
⇧ 2% vs 61 days last year

Price Per Square Foot

Median $/sqft
$303
⇩ 3.3% vs $313/sqft last year
Median Home Size
1,760 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %