Phoenix, AZ
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: May 2026
Primpted Sold Score™
How Strong Is Your Phoenix Home's Selling Position?
See how your property stacks up against Phoenix's current market conditions, buyer demand, inventory, and recent sales.
Based on the latest Economic Research
Free · No sign-up · ~60 seconds
The Phoenix-Mesa-Chandler metropolitan area is experiencing a cooling market, with a pending ratio of 0.41. This indicates a moderated demand absorption relative to available inventory, aligning with a -0.4% year-over-year decline in the pending ratio.
Active listings have contracted by 4.1% year-over-year, while new listings saw a 9.5% increase over the same period. The median listing price declined by 5.1% year-over-year to $498,000, and the median days on market increased by 3.5% annually to 60 days. The price-reduced share saw a modest contraction of 3.1% year-over-year.
Sun Belt benchmark — new build inventory stabilizing resale pricing.
Market Signals & Indicators
The current market conditions in Phoenix-Mesa-Chandler suggest a moderating pace of transactions. With a pending ratio of 0.41, there is less pressure on inventory absorption, which may afford buyers more time to evaluate options. Sellers may need to practice price discipline to align with buyer expectations in this environment.
The average listing price of $849,438, significantly above the median listing price of $498,000, along with a year-over-year decline in median $/sqft by 2.1% suggests some softness in the higher-price tiers.
19,514 active listings represent the current floor, with new supply arriving at roughly 7,444 per month.
of active listings carry a price reduction, -3.1% from prior period.
Median price per square foot has moved -2.1% year-over-year.
Pending-to-active ratio — Cooling.
Metro Demographics
ZIPs in Phoenix, AZ
85251
scottsdale
$600K
437 active · 79 DOM
85138
maricopa
$364K
433 active · 58 DOM
85255
scottsdale
$1.65M
410 active · 67 DOM
85142
queen creek
$750K
383 active · 56 DOM
85262
scottsdale
$2.40M
373 active · 94 DOM
85254
scottsdale
$998K
295 active · 56 DOM
85140
san tan valley
$471K
284 active · 59 DOM
85253
paradise valley
$5.39M
265 active · 93 DOM
85122
casa grande
$350K
265 active · 59 DOM
85018
phoenix
$1.19M
264 active · 63 DOM
85132
florence
$350K
239 active · 68 DOM
85268
fountain hills
$739K
236 active · 73 DOM
85086
phoenix
$757K
235 active · 70 DOM
85143
san tan valley
$400K
233 active · 57 DOM
85248
chandler
$518K
229 active · 66 DOM
85016
phoenix
$565K
225 active · 72 DOM
85212
mesa
$599K
220 active · 53 DOM
85260
scottsdale
$710K
218 active · 54 DOM
Sorted by active inventory · click a ZIP for its full report
