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City / Town Overview

Phoenix, AZ

Aggregate real estate market report across all ZIPs in scope
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The Phoenix, AZ real estate market currently shows 5,425 active listings, with 1,480 pending sales. Homes are averaging 54.4 days on the market before going under contract.

Inventory has tightened compared to last year, with 53 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 54.4 days on market compared to 50.2 days last year.

The median listing price has fallen 11.6% year-over-year, from $610,603 to $539,664.

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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: 85043, 85044, 85045, 85046, 85048, 85050, 85051, 85053, 85054, 85060, 85061, 85062

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

Alhambra: 85012, 85013, 85015, 85017, 85019

North Garfield: 85001, 85002, 85006, 85030

Central City: 85003, 85004, 85007

Rose Lane Trailer Park: 85005, 85009

Paradise Valley: 85024, 85032

Maryvale: 85031, 85035

South Mountain: 85041, 85042

Colony Biltmore IV: 85016

Wabash Trailer Court: 85020

El Camino Dr.: 85021

Greentrails: 85022

Moon Valley Canyon: 85023

Area Map

Market Overview

Active Listings
5,425
⇩ 1% vs 5,478 last year
Pending
1,480
27% pending ratio
Median Price
$539,664
⇩ 11.6% vs $610,603 last year
Average Price
$698,544
⇩ 6.5% vs $747,377 last year
Days on Market
54.4
⇧ 8.4% vs 50 days last year

Price Per Square Foot

Median $/sqft
$307
⇩ 3.1% vs $317/sqft last year
Median Home Size
1,753 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
100%
Listings with no price change
Price Reduced
0%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

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 %