The Phoenix housing market is somewhat competitive. Homes in Phoenix receive 2 offers on average and sell in around 64 days. The median sale price of a home in Phoenix was $450K last month, down 0.44% since last year. The median sale price per square foot in Phoenix is $271, down 3.6% since last year.
In October 2025, Phoenix home prices were down 0.44% compared to last year, selling for a median price of $450K. On average, homes in Phoenix sell after 64 days on the market compared to 51 days last year. There were 1,329 homes sold in October this year, up from 1,317 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$449,990
-0.44% YoY | Oct 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2025
Growth
% YoY
Phoenix, AZ
$449,990
-0.44%
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 2% higher than the national average. Overall cost of living in Phoenix is 6% higher than the national average. Learn which home features in Phoenix add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the Phoenix housing market?
Phoenix is somewhat competitive. Homes sell in 63 days.
0
100
47
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 63 days.
Hot homes
can sell for around list price and go pending in around 32 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|
7 Weeks Ago
~$450K Offer
Sold for $450K
2bd | 2ba | ~1,000sqft
Under List Price
3%
Days on Market
39
Competing Offers
0
Down Payment
~50%
Karen Bach
Phoenix Redfin Agent
I put this transaction in the WRONG place. I represent the seller who has the home listed - she is not buying her own house of course!!…
More
Offer Not Accepted|
8 Weeks Ago
~$650K Offer
Sold for $650K
—bd | —ba | —sqft
Under List Price
5%
Days on Market
159
Competing Offers
0
Down Payment
—
Manny Bermudez
Phoenix Redfin Agent
Listing agent was difficult to get ahold of. Notes of property as of 9/25/2025 listed below.
Rent roll
101- $1534 - $1200 security
102 - $1400 - $1500 security
103 - $1500 - $1500 secuirty
201 - $1432 - $1200 security
Average monthly $1467 / $5866 net.
3 tenants have been there 1.5 years+. After their 12 month lease expired, they become month. 3 tenants’ kids go to school around the block
HOA - 19 buildings total in the complex. All 4 plexes.
$694.42 /m. HOA includes everything exterior except the roof. LL responsibility. Water and electricity are covered by HOA. Each tenant pays their own utility bill.
All 4 units had HVAC serviced in May 2025.
Age of HVACs
101 - 2014 HVAC
102- 2014 HVAC
103 - 1996 HVAC
201- 2009 HVAC
All 4 units have a washer and dryer inside the unit.
Seller is also willing to pay the buyer’s agent commission. …
More
Offer Not Accepted|
12 Weeks Ago
~$350K Offer
Sold for $350K
2bd | 2ba | ~1,500sqft
Over List Price
3%
Days on Market
20
Competing Offers
10
Down Payment
<10%
Ellen Dempsey
Phoenix Redfin Agent
Seller dropped the home from $426K to $340K to get a quick offer so she can sell as is. There were 10 offers in hand when we wrote the offer. We wrote for $353K with escalation to $365K.They selected a different offer. …
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
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Phoenix has a minor risk of flooding. 5,528 properties in Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Phoenix. Flood risk is increasing slower than the national average.
51% of properties are at risk of wildfire over the next 30 years
Fire Factor
Phoenix has a major risk of wildfire. There are 257,901 properties in Phoenix that have some risk of being affected by wildfire over the next 30 years. This represents 51% of all properties in Phoenix.