The Phoenix housing market is very competitive. The median sale price of a home in Phoenix was $275K last month, down 22.5% since last year. The median sale price per square foot in Phoenix is $174, up 89.1% since last year.
In May 2025, Phoenix home prices were down 22.5% compared to last year, selling for a median price of $275K.
$276K
Sale Price
+49.3% since last year
$174
Sale $/Sq. Ft.
+89.1% since last year
Over List Price
6%
Days on Market
37
Down Payment
—
Total Homes Sold
2
To compare other locations to the Phoenix and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Phoenix add value to a home.
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How hot is the Phoenix housing market?
Phoenix is very competitive. Homes sell in 37 days.
0
100
82
Very 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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 6% above list price and go pending in around 37 days.
Hot homes
can sell for about 13% above list price and go pending in around 7 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.
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 - Severe
37% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Phoenix has a severe risk of flooding. 222 properties in Phoenix are likely to be
severely affected
by flooding over the next 30 years. This represents 37% of all properties in Phoenix. Flood risk is increasing slower than the national average.
35% of properties are at risk of wildfire over the next 30 years
Fire Factor
Phoenix has a moderate risk of wildfire. There are 277 properties in Phoenix that have some risk of being affected by wildfire over the next 30 years. This represents 35% of all properties in Phoenix.