Greater Phoenix housing market

$458,944
Redfin's median sale in September

With 4.6 months of supply, Greater Phoenix is a balanced market right now: homes priced right still sell, and homes priced high sit. Type your address to see your range, free.

From Arizona county records · Veteran and first responder owned · No account needed

Bryce Henderson · real estate investor, veteran and paramedic · Newest figures: September 2026

Selling in Greater Phoenix right now

With 4.6 months of supply, Greater Phoenix is a balanced market right now: homes priced right still sell, and homes priced high sit.

Greater Phoenix: 4.6
  • Under 4 months: leans toward sellers
  • 4 to 6 months: balanced
  • 6 or more: buyers have the upper hand

Each dot is one of Arizona's 24 local markets with a page here, by months of supply.

  • The typical listing here has been on the market 62 days.

  • About 3 in 10 listings have cut their asking price.

  • Homes that sold went for about 97.9% of their asking price, and 12% sold above asking.

If you're thinking about selling, the report on your own home is the place to start. A call with our team can tell you what selling here would really leave you.

Listings, price cuts and days on market: Realtor.com, September 2026. Sale-to-list and above-asking: Redfin, September 2026.

What actually sold in Maricopa County

Greater Phoenix also takes in Pinal County, but the sales below are Maricopa County's only.

Half of the home sales recorded in Maricopa County for August 2026 were between $345,000 and $620,000.

The middle half of the month's recorded home salesOne of the ten sales listed belowPast the right edge: $1,384,500

Type your address to see your range, free.

  • 8131 N 107th Ave 86Country Meadows Townhouses · 863 sq ft · Peoria$205,000$238
  • 1410 E Almeria RdMcdowell Park · 1,259 sq ft · Phoenix$300,000$238
  • 9018 W Glenrosa AveSunrise Terrace · 1,272 sq ft · Phoenix$345,000$271
  • 18175 W Carlota LnAustin Ranch West · 1,460 sq ft · pool · Surprise$381,700$261
  • 4601 W Golden LnManzanita Manor 2 · 2,040 sq ft · pool · Glendale$417,000$204
  • 4517 S Grandview AveTempe Gardens 3 · 2,148 sq ft · pool · Tempe$461,000$215
  • 24730 N 106th LnTierra Del Rio · 1,993 sq ft · pool · Peoria$525,000$263
  • 269 W Merrill AveArrowpoint 2 · 1,973 sq ft · pool · Gilbert$620,000$314
  • 711 E Cloud Rd3,332 sq ft · Phoenix$790,000$237
  • 12845 N 100th PlPowderhorn Ranch · 3,065 sq ft · pool · Scottsdale$1,384,500$452

Prices and months as recorded with the Maricopa County Recorder, which gives the month of a sale, not the day. Homes only: no vacant lots, commercial units or one price paid for several parcels, and sales from $75,000 to $5,000,000.

More on Greater Phoenix

Nearby markets, with each one's typical home value

The numbers right now

4.6
Months to sell every listing at today's paceRedfin, September 2026
62
Days on market, typical listingRealtor.com, September 2026
18,437
Homes for sale right nowabout 5,300 more than a usual September, Realtor.com
−$4,800
Change on the typical home in 12 monthsZillow Home Value Index
$441,097
Typical home valueZillow Home Value Index, September 2026
5,350
Homes for sale with a price cutRealtor.com, September 2026, to the nearest ten
  • Homes sold in Septemberabout 150 fewer than a year ago, Redfin5,601
  • Change on the typical home in 5 yearsZillow Home Value Index+$23,800

Months to sell every listing: Redfin, which divides the homes it counts as listed by its monthly sales. Homes for sale, price cuts and days on market: Realtor.com. Home values: Zillow Home Value Index. "A usual September" is the average for September in every earlier year of Realtor.com data.

Since you bought

The typical home's value at the end of each year since 2000. Find the year you bought to see what the typical home here has done since.

Years in the table belowToday

Each row: the typical value that December, then the change to today's typical value.

  • 2005$287,910+$153,200
  • 2010$145,943+$295,200
  • 2015$225,613+$215,500
  • 2020$338,725+$102,400
  • 2022$464,918−$23,800
  • 2025$446,145−$5,000
$451,327
Single-family homestypical value
$272,010
Condos and townhomestypical value

Each year is December's typical home value (the latest month for this year), Zillow Home Value Index, September 2026. The change is to today's typical value, not to any one home.

The owners here

177,170
Homes owned outright, no mortgage on recordabout 1 in 7 of the 1,180,533 owner-occupied homes whose mortgage status is on record
8.6 years
Typical time in the home, since the last recorded sale
335,460
Owners who bought before 2012about 1 in 3 of the owner-occupied homes whose purchase date is on record
70,840
Homes with a VA loan on recordof the 1,001,731 owner-occupied homes whose mortgage details are on record
  • Properties owned by companiesabout 1 in 5 of all properties on record here416,200

From property records for 1,208,650 owner-occupied homes: county assessor records, with ownership, mortgage and sale details from a private property data company. The large number on each tile is to the nearest ten. A figure is shown only when at least 200 records support it and it is known for at least 6 in 10 owner-occupied homes here.

What's driving prices here

4.6 years
Years of the typical household's income it takes to buy the typical home3.7 years on average from 2000 to 2019
267,200
More people than five years earlier
22,256
More people moved here from other U.S. places than left, in the year to July 2025
36,904
New homes permitted in the 12 months to August 2026about 1,800 fewer than the 12 months before
  • Typical rent a monthabout $18 more than a year ago$1,720

Years of income compares Zillow's typical home value with the typical household income from Census Bureau estimates, and with the 2000 to 2019 average of the same comparison. Population: Census Bureau American Community Survey, 2020 to 2024 against 2015 to 2019. Moves: Census Bureau population estimates. Permits: Census Building Permits Survey. Rent: Zillow Observed Rent Index.

What a buyer pays here each month

$2,742
Monthly payment on the typical home, including tax and insurance
$109,677
Household income needed, so the payment takes no more than 3 of every 10 dollars earned
$1,948
Property tax per year
$1,636
Home insurance per year

Payment on the typical home value with a standard down payment, at the latest weekly average 30-year mortgage rate published by Freddie Mac (week of October 15, 2026). Property tax is the typical home value times a tax rate from Census Bureau figures: median taxes paid divided by median home value. Insurance is the 2022 average premium from U.S. Treasury data, brought to today with the Bureau of Labor Statistics price index for homeowners insurance premiums.

Cities in Greater Phoenix

Each row: typical home value, how much it changed in dollars over 12 months, homes for sale against a usual month, then days on market.

Greater Phoenix housing market questions, answered

What is my home worth in Greater Phoenix?

Zillow puts the typical home in Greater Phoenix at $441,097, but your home's number depends on what homes like yours sold for. Type your address to see your range, free.

Are home prices dropping in Greater Phoenix?

Down. Zillow's typical home value in Greater Phoenix is $441,097, about $4,800 less than a year ago and about $23,800 more than five years ago (Zillow Home Value Index, September 2026).

How long are homes taking to sell in Greater Phoenix?

62 days is the typical time on the market in September 2026, and about 5,350 of the 18,437 homes for sale have cut their price (Realtor.com).

Is now a good time to sell in Greater Phoenix?

With 4.6 months of supply, Greater Phoenix is a balanced market right now: homes priced right still sell, and homes priced high sit.

Who's behind it

Bryce Henderson

Our founder, Bryce Henderson, is a real estate investor, veteran and paramedic. Our team talks with Arizona homeowners about every way to sell and what each one would leave them. More about him and HERO Real Estate Investors at herorei.com.

Sources: Zillow Research, Realtor.com Research, Redfin Data Center, Freddie Mac, U.S. Census Bureau, U.S. Treasury, county property and recorder records, and a private property data company. Figures refresh as each source publishes. How we compute every number.

See what homes like yours sold for.

Free for Arizona homeowners. No account needed.