Relocation0 views · 1 answer
Should I move to Phoenix?
Phoenix snapshot
May 2026- Median listing
- $498K
- YoY -0.1%
- Active inventory
- 19,514
- YoY -0.0%
- Median DOM
- 60
- YoY +0.0%
- Pending ratio
- 0.41
- YoY -0.0%
- Price-reduced
- 28.2%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
Deciding to move to Phoenix depends on what you're looking for. The median home price there is $498,000, which is a little less than last year. Homes are also selling a bit slower than before.
Right now, there are 19,514 homes for sale. Even though fewer homes are on the market compared to last year, more new homes are being listed, up 9.5% from last year. This means you might see more fresh options if you're looking to buy.
It takes about 60 days for a home to sell once it's listed, which is a bit longer than last year. Also, 28.2% of homes have had their prices cut, which is fewer than last year. This suggests that while some sellers are lowering prices, it's not happening as much as before.
On average, homes are selling for $271 per square foot. This is down 2.1% from last year. The average listing price is even higher at $849,438, which is also down from last year.
If you're thinking about moving to Phoenix, you'll find a good number of homes available, and prices have generally come down a bit from last year. You might have a little more time to make a decision since homes are staying on the market longer.
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Amy Gerrish
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