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 cooling, characterized by a pending ratio of 0.32 and active listings up 7.5% year-over-year. This indicates a moderated demand environment relative to available supply.
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 · Aug 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) · Aug 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.
The market is exhibiting cooling trends, with active listings increasing by 7.5% year-over-year. Despite new listings seeing a modest 3.6% year-over-year increase, the pending ratio has declined by 4.4% year-over-year, reaching 0.32. The median listing price remains stable month-over-month at $475,000 but shows a year-over-year decline of 4.8%.
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
The current environment suggests a slower pace of transactions, with a pending ratio of 0.32 reflecting reduced inventory pressure. Negotiating leverage is shifting, as evidenced by a 29.0% share of price reductions and a year-over-year increase of 2.0% in this metric, indicating less stringent price discipline.
The average listing price of $764,897 notably exceeds the median of $475,000, suggesting a bifurcation in market performance. While the median $/sqft saw a modest year-over-year decline of 1.8%, the spread between average and median prices points to potentially weaker demand at higher price tiers.
18,437 active listings represent the current floor, with new supply arriving at roughly 7,322 per month.
of active listings carry a price reduction, +2.0% from prior period.
Median price per square foot has moved -1.8% 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
- 32%
- Median Days on Market
- 62 days
- Inventory YoY
- +8%
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
The Monthly Briefing
Stay ahead of the Phoenix market.
One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.
Track your ZIP
Get the Sold Score for your exact ZIP code in your inbox each month.
Metro Demographics
ZIPs in Phoenix, AZ
85138
maricopa
$352K
403 active · 58 DOM
85251
scottsdale
$535K
366 active · 72 DOM
85142
queen creek
$750K
331 active · 69 DOM
85255
scottsdale
$1.60M
301 active · 57 DOM
85140
san tan valley
$450K
286 active · 66 DOM
85143
san tan valley
$391K
271 active · 62 DOM
85122
casa grande
$347K
263 active · 66 DOM
85212
mesa
$592K
248 active · 58 DOM
85018
phoenix
$1.19M
237 active · 65 DOM
85268
fountain hills
$737K
234 active · 77 DOM
85016
phoenix
$550K
228 active · 62 DOM
85086
phoenix
$784K
227 active · 58 DOM
85262
scottsdale
$2.33M
227 active · 101 DOM
85144
san tan valley
$526K
210 active · 66 DOM
85132
florence
$348K
208 active · 57 DOM
85254
scottsdale
$968K
201 active · 52 DOM
85248
chandler
$550K
193 active · 54 DOM
85258
scottsdale
$826K
184 active · 63 DOM
Sorted by active inventory · click a ZIP for its full report
Vetted Local Practitioners
Direct Consultation
Need a real Phoenix expert on the phone?
Skip the search. Our vetted local practitioners know the Phoenix, AZ micro-markets, pricing strategy, and negotiation dynamics — and they answer the phone.