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City / Town Overview

Phoenix, AZ

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

Market Analysis

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

The Phoenix, AZ real estate market currently shows 5,432 active listings, with 1,539 pending sales. Homes are averaging 51.8 days on the market before going under contract.

Inventory has increased compared to last year, with 425 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51.8 days on market compared to 47.3 days last year.

The median listing price has fallen 11% year-over-year, from $607,684 to $540,969.

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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: 85001, 85004, 85023, 85032, 85040, 85043, 85044, 85045, 85046, 85048, 85050, 85051

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

Alhambra: 85012, 85013, 85015, 85017, 85019

North Garfield: 85002, 85006, 85030

Central City: 85003, 85007

Rose Lane Trailer Park: 85005, 85009

Maryvale: 85031, 85035

South Mountain: 85041, 85042

Colony Biltmore IV: 85016

Wabash Trailer Court: 85020

El Camino Dr.: 85021

Greentrails: 85022

Paradise Valley: 85024

Tovrea: 85026

Area Map

Market Overview

Active Listings
5,432
⇧ 8.5% vs 5,007 last year
Pending
1,539
28% pending ratio
Median Price
$540,969
⇩ 11% vs $607,684 last year
Average Price
$701,803
⇩ 6.1% vs $747,033 last year
Days on Market
51.8
⇧ 9.5% vs 47 days last year

Price Per Square Foot

Median $/sqft
$308
⇩ 3.4% vs $319/sqft last year
Median Home Size
1,746 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 %