| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $489,500 | -5.9% YoY |
| Median price per sq ft | $269 | 1,931 sq ft median |
| Median days on market | 64 | -1% YoY |
| Active listings | 18,728 | -3% YoY |
| New listings this month | 6,868 | June 2026 |
| Listings with a price cut | 29% | Share of active |
| Median sale price (closed) | $461,457 | +1.0% YoY |
| Sale-to-list ratio | 97.9% | Closed sales |
| Gross rental yield | 4.5% | 2BR fair market rent |
Major metropolitan market · Arizona · June 2026 data
Phoenix Real Estate Market
As of June 2026, the median home listed in Phoenix, AZ asks $489,500 — down 5.9% year over year. Homes sell in a median of 64 days, with 18,728 active listings and 29% carrying a price cut — a balanced market. Figures come from public records and industry data, updated monthly.
Median listing price
$489,500
▼ 5.9% YoY
Median $ / sq ft
$269
1,931 sq ft median
Median days on market
64
June 2026
Active listings
18,728
For sale now
New listings
6,868
June 2026
Listings with price cuts
29%
Share of active
Median sale price (closed)
$461,457
▲ 1.0% YoY · closed sales
Sale-to-list ratio
97.9%
Closed sales
Homes sold / month
5,956
Closed sales
Phoenix housing market statistics
The table summarizes Phoenix's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.
How have home prices changed in Phoenix?
Phoenix home prices are down 5.9% year over year and -1.7% month over month as of June 2026, at a $489,500 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Phoenix AZ · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Phoenix AZ · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Phoenix?
Phoenix has 18,728 active listings, 6,868 new this month, 7,225 pending as of June 2026. About 29% of active listings have cut their price, and inventory sits at 128% of its 2019 level — a balanced market by pace.
Is Phoenix a good real estate investment?
Phoenix scores 40/100 on WealthyBud's composite Investor Score, ranking #665 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
40/100
#665 of 932 covered metros
Price volatility
High
σ 12.1% · 20-yr price-index swings
Phoenix scores 40/100 on our composite Investor Score (#665 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 48% over five years and +126% over ten, leaving prices 75% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,839/mo for a two-bedroom, the gross rental yield on the median listing is about 4.5%; active inventory sits at 128% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 5.9% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Phoenix ranks on the trending markets index.
How much is a monthly mortgage payment in Phoenix?
A home at Phoenix's $489,500 median listing runs about $2,457 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 5.43%
$2,206/mo
−$251/mo vs today
At today's rate · 6.43%
$2,457/mo
National weekly average
If rates rise 1% · 7.43%
$2,719/mo
+$262/mo vs today
Principal & interest on the $489,500 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.
What is driving the Phoenix housing market?
Longer-run demand in Phoenix shows up in 39,145 homes permitted in 2025; net migration of +17,909 residents; +1.0% job growth. Natural-hazard risk rates Very High. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
39,145
▼ 14.0% vs 2024
7.9 per 1,000 residents
Net migration (2022–2023)
+17,909
▲ people, via tax-return records
net income flow +$1989.5M/yr
Job growth (YoY)
+1.0%
▲ 2,480.8k nonfarm jobs · May 2026
Natural-hazard risk
Very High
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Phoenix real estate news?
Phoenix housing market stuck in a stalemate as buyers and sellers waitAZ Big Media · 2026-07-02→Realtors group says Phoenix housing market sees historic shift in buyers’ favorKTAR News 92.3 FM · 2026-05-04→Homebuying activity accelerates in Phoenix, bucking national trendThe Business Journals · 2026-07-01→The Phoenix housing market is finally settling down, realtors sayPhoenix New Times · 2026-03-19→
Phoenix's housing market shows conflicting signals of stalemate, buyer favor, accelerated activity, and settling conditions. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Phoenix by ZIP code
Median price, pace and inventory for 61 Phoenix ZIPs — the spread behind the metro number.
Explore DirectoryTop agents in Phoenix
The highest-producing real estate agents in Phoenix, ranked by recent sales.
View DirectoryTop teams
The groups setting production records nationwide.
View LicensingGet licensed in Arizona
Hours, exam and the commission that regulates Arizona agents.
Read IncomeAgent salary in Arizona
What real estate agents actually earn across Arizona.
ReadPhoenix housing market FAQ
What is the median home price in Phoenix?
As of June 2026, the median listing price in Phoenix, AZ is $489,500, down 5.9% year over year (source: public records and industry data).
How much does it cost to buy a home in Phoenix?
The median home listed in Phoenix asks $489,500 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $2,457 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Phoenix?
The median property in Phoenix spends 64 days on the market, with 18,728 homes actively listed and 29% of them carrying a price cut — a balanced market by pace as of June 2026.
Is it a buyer's or seller's market in Phoenix?
With a median 64 days on market and 29% of active listings carrying a price cut, Phoenix reads as a balanced market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Phoenix a good place to invest in real estate?
Phoenix scores 40/100 on WealthyBud's Investor Score, ranking #665 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Phoenix?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Phoenix and the wider Arizona market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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