The short answer

As of October 30, 2026, there are 4,535 homes, condos, and townhomes listed for sale in Phoenix, with a median list price of $439,000. Over the past 12 months, 12,994 Phoenix homes sold at a median price of $440,000, or $276 per square foot, after a median of 49 days on market. Homes closed at a median of 98.68% of their final list price. With about 4.2 months of supply, the market is close to balanced.

Source: ARMLS via Flexmls, calculated by Arizona Luxury Partners. Figures cover single-family homes, condos, townhomes, and patio homes with a Phoenix address in the MLS, as explained in the FAQ below.

The Phoenix market, by the numbers

Closed residential sales, October 30, 2025 to October 30, 2026.

12,994
Homes sold in the past 12 months
$440,000
Median sale price
$276
Median price per square foot
49 days
Median days on market
98.68%
Median sale to final list price
96.61%
Median sale to original list price
4,535
Homes for sale today
4.2
Months of supply
9%
Sales at $1 million or more
57%
Closed sales with a seller concession

Months of supply is today's 4,535 listings divided by the 12 month average of about 1,083 sales per month. 1,214 of the 12,994 sales closed at $1 million or more. Seller concessions are seller paid buyer costs, such as closing costs or a rate buydown, as reported on the closed MLS record.

Phoenix median sale price, 10 years

Yearly median sale price of closed residential sales, 2016 to 2026.

Phoenix median home sale price by year Line chart of the yearly median sale price from 2016 to 2026. The table below the chart lists every value. $0 $100K $200K $300K $400K $500K 2016: $210,000 median, 20,375 sales 2016 $210K 2017: $225,000 median, 21,843 sales 2017 2018: $245,000 median, 21,894 sales 2018 2019: $258,869 median, 22,322 sales 2019 2020: $298,000 median, 22,583 sales 2020 2021: $366,000 median, 24,054 sales 2021 2022: $425,000 median, 17,704 sales 2022 2023: $410,000 median, 13,493 sales 2023 2024: $435,000 median, 13,004 sales 2024 2025: $440,000 median, 13,043 sales 2025 $440K 2026 year to date: $440,000 median, 10,861 sales 2026 YTD $440K

The median sale price for homes with a Phoenix address went from $210,000 in 2016 to $440,000 in 2025, up 110%. So far this year, through October 29, 2026, the median is $440,000. A median is the middle sale of the year, so it moves with both prices and the mix of homes that sold. Ask us how values have changed for homes like yours.

See the yearly numbers
YearMedian sale priceHomes sold
2026 (through October 29, 2026)$440,00010,861
2025$440,00013,043
2024$435,00013,004
2023$410,00013,493
2022$425,00017,704
2021$366,00024,054
2020$298,00022,583
2019$258,86922,322
2018$245,00021,894
2017$225,00021,843
2016$210,00020,375

Source: ARMLS via Flexmls. Closed residential sales by calendar year, calculated by Arizona Luxury Partners.

What the numbers mean right now

Our read on the market, for buyers and for sellers.

Over the past 12 months, 12,994 homes with a Phoenix address sold, and 9% of them closed at $1 million or more. Today 4,535 are listed for sale, and 2,696 of those have already had a price change.

Pricing is where homes win or sit. 4,124 of last year's sales, or 32%, went under contract within 30 days, at about 98% of list price on average. 2,147, or 17%, took more than 120 days, and those closed at about 88% of their original list price on average.

If you are buying

  • The typical home sold about 3% below its original list price, so there is room to negotiate on homes that have been listed a while.
  • 57% of sales included a seller concession. Ask about closing costs or a rate buydown as part of your offer.
  • Compare a home against recent sales in the same neighborhood and price range, not Phoenix as a whole.
  • Get pre-approved first so you can act quickly when the right home comes up.

If you are selling

  • Your first month matters most. Homes that sold within 30 days closed at about 98% of list price on average.
  • Homes that sat more than 120 days closed at about 88% of their original list price, so pricing right at the start pays.
  • Price against recent sales in your own neighborhood, and show how your home compares on size, lot, and updates.
  • We can show you the exact sales we would use to price your home.

Get a Phoenix home value

About Phoenix

Homes, land, and amenities in Phoenix, Arizona.

Phoenix covers a mostly flat desert basin crossed by the Salt River and ringed by mountain preserves. Homes include historic districts near downtown, mid-century neighborhoods, high-rise condos, master planned communities, and hillside and desert acreage from Ahwatukee to Desert Ridge.

South Mountain Park and Preserve covers more than 16,000 acres.

Population
1,665,481 (2025 Census estimate), 1,608,139 in the 2020 Census
Land area
518.00 square miles
Median home size sold
1,661 square feet over the past 12 months
Listings with a price change
2,696 of 4,535 active listings
Official site
City of Phoenix

Phoenix homes we have helped clients buy and sell

White-glove service at every price point.

A collection of our sold properties

Nearby areas

Compare Phoenix with other places we work.

Phoenix questions, answered

How much do homes cost in Phoenix?

The median sale price was $440,000 for the 12,994 homes, condos, and townhomes with a Phoenix address that sold from October 30, 2025 to October 30, 2026, or $276 per square foot. Homes listed for sale on October 30, 2026 had a median list price of $439,000.

How many homes are for sale in Phoenix right now?

As of October 30, 2026, 4,535 homes, condos, and townhomes with a Phoenix address were listed for sale in the MLS. The search on this page updates continuously, so it always shows the current count.

How fast do homes sell in Phoenix?

Homes that sold over the past 12 months spent a median of 49 days on the market and closed at a median of 98.68% of their final list price, or 96.61% of their original list price.

Is Phoenix a buyer's market or a seller's market?

With 4,535 listings today and about 1,083 sales a month over the past year, Phoenix has about 4.2 months of supply, which is close to balanced. Conditions vary a lot by price range and neighborhood, so ask us for the numbers on the homes you are considering.

How common are seller concessions in Phoenix?

7,377 of the 12,994 closed sales, or 57%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown.

How have Phoenix home prices changed over the past 10 years?

The median sale price for homes with a Phoenix address was $210,000 in 2016 and $440,000 in 2025, up 110%. So far this year, through October 29, 2026, the median is $440,000.

How does this page define Phoenix?

Our search and statistics include residential listings, meaning single-family homes, condos, townhomes, and patio homes, whose MLS city is Phoenix. The MLS city is the mailing address city, which does not always match city limits. Figures were calculated by Arizona Luxury Partners from ARMLS data on October 30, 2026.

Thinking about Phoenix?

Your vision, your home, our expertise.

Tell us what you are looking for and we will send new Phoenix listings that fit, along with the sales data behind each one. Our office is on Pima Road in north Scottsdale. White-glove service at every price point.

Your advisors

Kyle HermannAssociate Broker | Realtor®
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
Cheryl SolanoCRS® | Realtor®
480.518.0181
cheryl@azluxurypartners.com
License SA541911000
Meet Cheryl
Art BuckAssociate Broker | Realtor® | CCIM
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art

Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties

Sources

  1. ARMLS via Flexmls. Residential closed sales October 30, 2025 to October 30, 2026, and active listings on October 30, 2026, for listings whose MLS city is Phoenix. Medians and months of supply calculated by Arizona Luxury Partners.
  2. Population and land area: U.S. Census Bureau, accessed October 30, 2026.
  3. City information: City of Phoenix, accessed October 30, 2026.
  4. City of Phoenix, South Mountain Park and Preserve, accessed October 30, 2026.
  5. ARMLS via Flexmls. Residential closed sales for each calendar year from 2016 through October 29, 2026, for listings whose MLS city is Phoenix, used for the 10 year median sale price chart.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. Population and land area come from the U.S. Census Bureau. School district boundaries can change, so confirm the assigned schools for a specific address with the district. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.