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City / Town Overview

Phoenix, AZ

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Phoenix, AZ real estate market currently shows 5,088 active listings, with 1,377 pending sales. Homes are averaging 56.3 days on the market before going under contract.

Inventory has increased compared to last year, with 480 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56.3 days on market compared to 52 days last year.

The median listing price has fallen 11.5% year-over-year, from $604,866 to $535,269.

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Market Context

Market Context

Population: 1,447,391  ·  Density: 1,899.1/mi²  ·  Median household income: $71,726

Typical home value: $337,699  ·  Homeownership: 55%

Included Areas

Phoenix: 85001, 85002, 85003, 85004, 85005, 85006, 85007, 85008, 85009, 85010, 85011, 85012

Area Map

Market Overview

Active Listings
5,088
⇧ 10.4% vs 4,608 last year
Pending
1,377
27% pending ratio
Median Price
$535,269
⇩ 11.5% vs $604,866 last year
Average Price
$696,224
⇩ 7.4% vs $751,683 last year
Days on Market
56.3
⇧ 8.3% vs 52 days last year

Price Per Square Foot

Median $/sqft
$309
⇩ 3.5% vs $320/sqft last year
Median Home Size
1,714 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %