Phoenix, AZ
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Phoenix market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Phoenix, AZ.
The Phoenix-Mesa-Chandler market is exhibiting cooling conditions, driven by a pending ratio of 0.34 in the most recent period, indicating demand absorption is moderating relative to available supply. This dynamic is occurring as active listings have expanded by 5.2% over the past year.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
Job Market
Unemployment rate · Jul 2026
Shows whether local employment conditions are supporting buyer demand.
U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).
Population & Migration
Resident population · Jan 2025
Shows whether the area is gaining or losing potential housing demand.
U.S. Census Bureau via FRED (St. Louis Fed).
Future Housing Supply
Building permits (private housing units) · Jul 2026
Shows whether future inventory pressure may increase.
U.S. Census Bureau building permits via FRED (St. Louis Fed).
What's moving the Phoenix market right now.
Active listings have seen a 5.2% increase over the past year, contributing to expanding inventory levels. New listings have remained relatively stable, with a modest 0.6% increase year-over-year. Concurrently, the median listing price has declined by 4.8% year-over-year, alongside a 1.4% decrease in median price per square foot. The pending ratio has also experienced a year-over-year decrease of 2.7 percentage points, reflecting a slower pace of demand absorption.
Sun Belt benchmark — new build inventory stabilizing resale pricing.
“Local pricing and inventory dynamics across Phoenix shift block by block — happy to walk through what's actually closing.”
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
With a pending ratio of 0.34 and expanding active inventory, market dynamics suggest a diminishing sense of urgency for immediate transactions. The increase in available properties and a slower absorption rate imply that buyers may encounter a more deliberate pace in decision-making, while sellers may need to exercise greater price discipline to attract offers.
No distinct luxury-segment signal in this dataset.
17,707 active listings represent the current floor, with new supply arriving at roughly 6,104 per month.
of active listings carry a price reduction, -0.8% from prior period.
Median price per square foot has moved -1.4% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Phoenix, AZ? Homes here are taking 3 days less to sell than last year.
Buyers have leverage in Phoenix, AZ. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 34%
- Median Days on Market
- 67 days
- Inventory YoY
- +5%
In a buyer's market, strategy beats timing. See how your home scores in Phoenix, AZ and what moves the number.
See my Sold Score & selling strategy →Talk to a listing expert who is actively selling in Phoenix, AZ.
Katie Taylor →Keller Williams Realty
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Metro Demographics
ZIPs in Phoenix, AZ
85138
maricopa
$360K
386 active · 65 DOM
85251
scottsdale
$492K
355 active · 82 DOM
85142
queen creek
$759K
341 active · 71 DOM
85140
san tan valley
$450K
277 active · 69 DOM
85122
casa grande
$349K
267 active · 78 DOM
85255
scottsdale
$1.60M
266 active · 91 DOM
85143
san tan valley
$395K
257 active · 59 DOM
85212
mesa
$599K
236 active · 59 DOM
85262
scottsdale
$2.30M
228 active · 120 DOM
85018
phoenix
$1.05M
225 active · 73 DOM
85144
san tan valley
$525K
223 active · 57 DOM
85086
phoenix
$750K
210 active · 71 DOM
85016
phoenix
$549K
207 active · 74 DOM
85254
scottsdale
$1.09M
205 active · 72 DOM
85132
florence
$344K
197 active · 83 DOM
85268
fountain hills
$730K
195 active · 84 DOM
85298
gilbert
$737K
183 active · 71 DOM
85032
phoenix
$455K
181 active · 72 DOM
Sorted by active inventory · click a ZIP for its full report
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