What is the median home price in Phoenix?

The median price for a home in Phoenix, Arizona, is $498,000 as of May 2026. This price has seen a small dip recently but is still a good indicator of what homes are generally selling for. This median price means that half the homes are listed for more, and half are listed for less. It gives you a good middle-ground idea of home values. Currently, this price is down a small amount, 0.2%, from last month. Looking back a year, it's also 5.1% lower than it was at this time last year. This means prices have been gradually coming down over the past year. There are nearly 20,000 homes for sale, totaling 19,514 active listings. This number is slightly lower than last year, down 4.1%. This could mean slightly fewer choices for buyers compared to a year ago. It takes about 60 days for a typical home to sell once it