The Phoenix housing market is somewhat competitive. Over the three months, homes in Phoenix receive 2 offers on average and sell in around 57 days. The median sale price of a home in Phoenix was $455K over the last 3 months, up 1.0% since the same period last year. The median sale price per square foot in Phoenix is $271, down 0.91% since last year.
Over the three months ending August 2026, Phoenix home prices were up 1.0% compared to the same period last year, selling for a median price of $455K. On average, homes in Phoenix sell after 57 days on the market compared to 60 days last year. There were 4,178 homes sold in August this year, up from 4,020 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$454,699
+1.0% YoY | Aug 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2026
Growth
% YoY
Phoenix, AZ
$454,699
+1.0%
United States
To compare other locations to the Phoenix and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Phoenix's median sale price is 12% higher than the national average. Overall cost of living in Phoenix is 4% higher than the national average. Learn which home features in Phoenix add value to a home.
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How hot is the Phoenix housing market?
Phoenix is somewhat competitive. Homes sell in 58 days.
0
100
51
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 58 days.
Hot homes
can sell for around list price and go pending in around 29 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Phoenix
Explore recent offers and recently sold homes in Phoenix
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$600K Offer
Sold for $600K
3bd | 2.5ba | ~1,750sqft
Over List Price
0%
Days on Market
3
Competing Offers
4
Down Payment
—
Kayli Morgan
Phoenix Redfin Agent
My clients offered full price, shortened the inspection period, and agreed to take the property as-is, with no repairs. However, at this price point they needed concessions toward closing costs. There were other offers, including above asking price and not including concessions.…
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Phoenix housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Phoenix.
Flood Factor - Minor
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Phoenix has a minor risk of flooding. 4,589 properties in Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in Phoenix. Flood risk is increasing slower than the national average.
36% of properties are at risk of wildfire over the next 30 years
Fire Factor
Phoenix has a major risk of wildfire. There are 184,216 properties in Phoenix that have some risk of being affected by wildfire over the next 30 years. This represents 36% of all properties in Phoenix.