Phoenix Arizona Real Estate Market Report: October 2026

Phoenix Arizona real estate snapshot: October 2026

This Phoenix Arizona real estate report covers every number that moves a price in Phoenix: closings, pending sales, inventory and time on market, for houses and for condos and townhomes. Whether you are browsing Phoenix homes for sale, comparing Phoenix condos for sale or pricing a new build, or getting ready to sell, start here. The condo and Phoenix new construction sections below go deeper.

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The price-cut row includes condos and townhomes. *The count leaves out ZIP 85034, which had no year-earlier figure in our data.

The worry: Sellers often ask how much it costs to sell a house in Arizona, and the list price alone does not answer it. The fix: Your net depends on price, concessions and closing costs, so get a written price opinion and a net sheet from a full-time listing agent.

Year to date in Phoenix Arizona real estate: 7,749 homes closed at a $485,000 median, versus 7,645 at $486,000 a year earlier, so more homes have sold at a lower median than last year.

Phoenix Arizona real estate spans more than 500 square miles and more than 40 ZIP codes, from downtown high-rises and historic districts to west Phoenix ranch homes, the north Phoenix preserves and the Ahwatukee Foothills. Read the citywide numbers below as an average of very different markets.

The worry: Buyers and sellers both search who pays closing costs in Arizona. The fix: The purchase contract decides it, and seller concessions can shift costs, so ask for an estimated settlement statement before you sign; a full-time listing agent or buyer’s agent negotiates those terms.

How to read this Phoenix AZ market report

Months of supply is how long current listings would last at today’s sales pace; under 3 favors sellers, 3 to 6 is balanced. Pending sales are homes under contract, the earliest sign of where closings go next. Share of list price shows how much room buyers are negotiating. Read the three together before you set a price or write an offer.

What else moved this month

Across Phoenix Arizona real estate, closed sales fell 4.7% to 750 while new listings rose 1.5% to 1,169, and homes for sale were up 8.6% from a year earlier. The average sale price of $611,110 sits above the $485,000 median because higher-priced homes pull the average up, so the typical home costs closer to the median than the headline average suggests.

12-month Phoenix Arizona real estate trend: single-family median sale price

The chart above tracks the Phoenix Arizona real estate single-family median month by month.

Over the past 12 months, single-family medians in Phoenix Arizona real estate ranged from $458,000 to $503,500, a $45,500 band. The latest month closed at $485,000, up from $460,000 the month before and 3.5% below the same month a year earlier. Month-to-month medians move with the mix of homes that close, so read the line, not one point. Each month this Phoenix AZ market report adds the newest closings to the line.

What a pricing mistake costs in Phoenix

Phoenix sellers received 97.9% of asking in the latest month, about $10,200 under list on a $485,000 home, before any concessions. Sellers who priced right closed in about 68 days; sellers who guessed are still sitting, cutting and handing leverage to the buyer. Buyers face the mirror image: overpay by 5% on a $485,000 home and you start $24,250 behind before your first payment. That is why we put a dedicated full-time local agent on every Phoenix Arizona real estate move.

Phoenix homes for sale by ZIP code: Phoenix Arizona real estate, October 2026

Phoenix Arizona real estate spans more than 500 square miles; our ZIP table covers 41 of its ZIP codes, from downtown high-rises and historic districts to the desert foothills of north Phoenix and Ahwatukee.

Prices across Phoenix Arizona real estate vary from one zip code to the next, so compare closed sales on your street.

Last Updated: October 2026

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ZIP figures cover all home types (houses, condos and townhomes), so they can run lower than the single-family median above. The median sale price covers the latest three months, and the change compares the same three months a year earlier. Homes sold counts closings in the latest month. 85034 is not shown: it had too few sales in the period for a reliable median.

Phoenix homes for sale: what each part of the city offers

Ask us for single-family comps on your exact street before you write an offer on Phoenix homes for sale or set a list price.

Phoenix Arizona real estate neighborhoods to know

Each neighborhood below has its own Phoenix Arizona real estate price range, so compare recent closings there before you offer.

Zip codes tell you price. Neighborhoods tell you how it feels to live there. These are the Phoenix Arizona real estate names our agents hear most from buyers.

• Downtown and Roosevelt Row (85004). High-rise and mid-rise condos, lofts and townhomes near ASU Downtown, arts venues, restaurants and light rail.
• Willo and Encanto historic districts (85003, 85007). Historic homes from the 1920s to 1940s on tree-lined streets near Encanto Park and Central Avenue.
• Arcadia (85018). Larger lots, citrus trees and remodeled or rebuilt homes at the foot of Camelback Mountain.
• Biltmore area (85016). Condos, townhomes and single-family homes near Camelback Road shopping, offices and resort golf.
• Moon Valley (85023). A north Phoenix neighborhood with mid-century homes around a golf course, close to the Phoenix Mountains Preserve.
• Desert Ridge (85050, 85054). A master-planned north Phoenix area near Loop 101 with shopping, resort golf and newer homes and townhomes.
• Ahwatukee Foothills (85044, 85045, 85048). A village of master-planned neighborhoods on the east side of South Mountain, close to I-10 and the Chandler employers.

Every Phoenix Arizona real estate neighborhood above behaves differently when prices soften. Ask us how the last three months of sales played out in the exact community you are considering.

Phoenix Arizona real estate: condos, townhomes and new construction

Phoenix Arizona real estate splits into two very different buys: resale condos and townhomes, and new construction, where the builder’s rules decide who represents you. Here is the latest on each.

Phoenix condos for sale: resale condos and townhomes, October 2026

The worry: Condo buyers search for average HOA fees in Arizona, but an average says little about one building. The fix: Ask for the HOA budget, reserve study and any special assessments before you offer; your condo agent requests them for you.

Phoenix condos and townhomes closed at a $329,000 median in the latest month, a 2.8% change from a year earlier, with 6.4 months of supply versus 3.9 for houses. Before you offer, have a condo specialist review the HOA budget and reserves.

Condo and townhome median sale price: 12-month trend

Our market data: Phoenix condo and townhome closings, latest 12 months.

Shoppers comparing Phoenix condos for sale should read the HOA as closely as the unit. Financing is the catch, because condo loan rules can sink a deal late, so read our guide to Arizona condo financing before you make an offer. A low price with a weak HOA is not a bargain; we review the budget, reserve fund, rental rules and any special assessments. Selling a condo? Supply is high right now, so presentation and price matter, and we position yours against the exact competing units in the same building or community.

Where Phoenix condos and townhomes trade

Phoenix condos for sale change week to week, so we share the current condo and townhome communities in each area on request.

Phoenix new construction communities checked October 2026

Eight Phoenix new construction communities were listed with a published base price on their builders’ own sites when we checked on October 11, 2026, from about $400,000 to just over $1 million. Builders also sell infill homes and small lots across the city without published prices, so ask us about current builds near the area you want. Compare them on the statewide new construction subdivisions map, and have a new construction buyer’s agent register you before your first model visit.

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The worry: New-build buyers search Arizona closing costs for buyers, and builder incentives are often tied to those costs. The fix: Compare each incentive in writing against the base price and lot premium with your own new construction agent, registered before your first visit.

“From” prices are the lowest base price each builder published on its own site on October 11, 2026. They exclude lot premiums, options, upgrades and incentives, and they change often. Where a builder publishes only a range such as “from the $600s,” we show its wording.

Never walk into a Phoenix model home without your own agent

The sales agent in a Phoenix new-build model is paid by the builder and represents the builder, not you. That friendly guest register can quietly decide who represents you, and many builders will not let you add your own agent after your first visit or first sign-in.

The other version: your own full-time agent registers you before you set foot in the model, compares that builder’s incentives with every Phoenix new-build community above, pushes back on lot premiums and upgrade markups, and arranges independent inspections before the drywall goes up. Our fee on new construction is typically paid by the builder. In the latest month the citywide single-family median was $485,000; compare any base price with nearby resales once lot premiums and options are added. For more, read our Arizona new construction buyer guide.

How Phoenix compares with its neighbors

Many Phoenix buyers also tour Scottsdale, Tempe, Glendale and Peoria before they decide, so we track each of those markets every month alongside Phoenix Arizona real estate. Phoenix borders more than a dozen cities and towns, and a short move across a city line can change taxes, schools and HOA rules. Many buyers pick a part of the city for the commute first and the house second.

Selling in one Valley city and buying in another? Timing both sides is where movers lose money. One full-time agent can line up your sale and purchase so you are not carrying two mortgages or rushing into the wrong home. Phoenix Arizona real estate ranges from downtown condos to foothill estates, so you can trade up, downsize or relocate without leaving the city.

Buying Phoenix Arizona real estate this fall: a 5-step plan

Use these steps with the Phoenix Arizona real estate data above; each one reflects how buying works in a city where 1920s historic homes, downtown condos and new north Phoenix subdivisions share one median.

1. Set your number from closed sales, not list prices. Phoenix sellers received 97.9% of asking in the latest month. On a $485,000 home that is about $10,200 of room, so build your offer around recent closings on your street.
2. Pick the zip before the house. Phoenix Arizona real estate prices vary more from one ZIP to the next than in any other Valley city. Historic homes and condos cluster in central ZIPs such as 85003, 85004 and 85007, larger lots near Camelback Mountain in 85018, many of the lowest entry prices in west Phoenix ZIPs such as 85031 and 85033, and newer homes in north Phoenix ZIPs such as 85050, 85085 and 85086.
3. Target homes that have sat. With 68 days on market and pending sales down 37.3%, Phoenix homes for sale that have sat for several weeks are where sellers listen. In a city this large, a long listing can mean the price fits the citywide median but not the street, so we pull closings from the same neighborhood before you offer.
4. Check city limits, HOA rules and school boundaries. Phoenix is served by more than two dozen school districts, and some homes with Phoenix mailing addresses sit in county islands or in neighboring towns. Ask which of the city’s many elementary and high school districts serves the parcel, and whether it sits in a historic district with its own rules, before you buy any Phoenix Arizona real estate.
5. Put a full-time agent on your side. Tell us whether you are looking in central, north, west or south Phoenix or Ahwatukee, and a dedicated full-time Phoenix buyer’s agent who tours that part of the city every week replies personally.

Selling Phoenix Arizona real estate this fall: 4 pricing moves that work

Pricing Phoenix Arizona real estate starts with your own neighborhood, because the citywide median mixes historic districts, condos and new subdivisions that buyers never compare with each other.

1. Price for today, not last spring. Over 12 months, the single-family median for Phoenix Arizona real estate moved between $458,000 and $503,500. Price against recent closings in your own neighborhood first; in Phoenix, two homes a mile apart can sit in different school districts and very different price ranges.
2. Win the first two weeks. With 3,158 Phoenix Arizona real estate listings and 463 pending, buyers compare everything. Show the yard, the shade and the walk or drive to the nearest park, trail or light rail stop in the first photos, and finish repairs before you list.
3. Know your real competition. In central Phoenix, resale houses compete with remodeled homes and new infill on the same streets. In north Phoenix and Ahwatukee, resales compete with each other inside the same master plans and with new builds, so price against the same neighborhood first.
4. Negotiate the net, not the price. Repair credits, closing-cost concessions and any HOA transfer fees can move your net as much as the price, and a full-time Phoenix listing agent negotiates each one before you sign.

Phoenix Arizona real estate: seasonal ownership and 55+ communities

Living in Phoenix: schools, city services and jobs

Schools, services and jobs shape Phoenix Arizona real estate values as much as the sales data does.

Phoenix is home to 1,665,481 residents, according to the U.S. Census Bureau Vintage 2025 population estimate (linked in Phoenix market drivers).

Nearby schools

Source: Arizona State Board of Education FY2025 A-F letter grades, Arizona Department of Education final FY2025 file; school detail on Arizona School Report Cards. Grades served and school ZIPs from the National Center for Education Statistics school search. Verify attendance boundaries with the district.

The worry: Buyers search Arizona school grades, then learn that the closest school is not always the one assigned to an address. The fix: Use the FY2025 grades below as a starting point and confirm the attendance boundary with the district; your buyer’s agent checks it for the exact address.

20 more districts have fewer graded schools with Phoenix addresses; ask us for the district that serves any address.

Top elementary schools. Among district schools with Phoenix addresses, the highest FY2025 K-8 scores belong to Alhambra Traditional School (Alhambra Elementary, A, 99.30), Kyrene Monte Vista School (Kyrene Elementary, A, 98.46), Desert Trails Elementary School (Paradise Valley Unified, A, 95.95).

Top high schools. District high schools with Phoenix addresses are led by Pinnacle High School (Paradise Valley Unified, A, 97.27), Desert Vista High School (Tempe Union High School, A, 95.63), Sunnyslope High School (Glendale Union High School, A, 94.29), Thunderbird High School (Glendale Union High School, A, 92.06).

Notable charters with Phoenix campuses. Reid Traditional Schools' Valley Academy (Reid Traditional Schools' Valley Academy, Inc., A, 98.32), Milestones Charter School (Milestones Charter School, A, 96.68), Adams Traditional Academy (Choice Academies, Inc., A, 96.04), Hearn Academy, The – A Ball Charter School (Ball Charter Schools (Hearn), A, 94.76).

Grades are neutral public information and one of many factors a household may weigh. We do not recommend or discourage any area based on school data.

Phoenix crime data and police coverage: October 2026

The worry: A common search is which Arizona city has the lowest crime rate, but city rankings mix different sources and methods. The fix: Read the sourced figures below side by side and look up the exact address; a local buyer’s agent can tour the street with you at different hours.

Law enforcement jurisdiction in Phoenix

Incorporated Phoenix is policed by the Phoenix Police Department, organized into seven patrol precincts: Black Mountain, Cactus Park, Central City, Desert Horizon, Maryvale Estrella Mountain, Mountain View and South Mountain (see the official patrol area page). Unincorporated county islands with Phoenix mailing addresses are served by the Maricopa County Sheriff’s Office.

The Arizona DPS Highway Patrol patrols the state freeways through Phoenix: Interstate 10, Interstate 17, State Route 51, US 60 and Loops 101, 202 and 303. Fire and emergency medical service inside city limits comes from the Phoenix Fire Department; the city covers about 518 square miles of land, per the Census Bureau gazetteer. Ask your agent whether an address is inside city limits, because it changes police, fire and tax bills.

Cost of emergency services: the City of Phoenix FY 2026/27 adopted Detail Budget, Police and Fire department summaries sets $1,095,059,772 for Police and $646,632,373 for Fire (department totals, all funds). Divided by Phoenix’s 1,665,481 residents (Census estimate, linked in Phoenix market drivers), that is $657.50 per resident for police, $388.26 for fire and medical, and $1,045.76 combined. This per-resident figure is our calculation from those two sources, checked October 2026.

Major employers and commute times

Phoenix’s job base runs from government, healthcare and finance downtown to semiconductors in north Phoenix, with Sky Harbor, the State Capitol and the downtown medical campuses close to the urban core. Times below are approx. drive time, no traffic, from Washington Street at Central Avenue (downtown), computed with the public OSRM road router to each employer’s main site in the area. Your rush-hour drive will be longer.

• City of Phoenix 1 min, approx. drive time, no traffic
• ASU Downtown Phoenix campus 1 min, approx. drive time, no traffic
• Freeport-McMoRan 1 min, approx. drive time, no traffic
• Banner University Medical Center Phoenix 5 min, approx. drive time, no traffic
• State of Arizona 5 min, approx. drive time, no traffic
• Honeywell Aerospace 8 min, approx. drive time, no traffic
• Phoenix Children's 9 min, approx. drive time, no traffic
• Phoenix Sky Harbor International Airport 11 min, approx. drive time, no traffic
• Mayo Clinic Hospital, Phoenix 31 min, approx. drive time, no traffic
• Republic Services 32 min, approx. drive time, no traffic
• TSMC Arizona 36 min, approx. drive time, no traffic

Before you write an offer on Phoenix Arizona real estate, your agent pulls the tax history and checks the commute at the hours you actually drive.

Buying Phoenix Arizona real estate from out of state

Phoenix Arizona real estate draws movers for jobs downtown, at Sky Harbor and in north Phoenix, and many pick a ZIP code from a map before they know how far apart the parts of the city are. The costly mistake is choosing a house before choosing the part of town, the school district and the commute. Relocating to Phoenix? A local buyer’s agent can tour homes for you on live video and tell you what the listing photos leave out, before you fly in.

Start with the part of the city that fits your life: downtown and Midtown near light rail, the larger lots of Arcadia and the Camelback corridor, the newer north Phoenix communities or Ahwatukee near the East Valley. Then compare Phoenix Arizona real estate listings with recent closings in the same neighborhood, not with the citywide median. Read our moving to Arizona guide for climate, costs and timing.

More Phoenix Arizona real estate help from our team

Some Phoenix Arizona real estate moves are more than one house: selling a central Phoenix bungalow to buy in north Phoenix, comparing a downtown condo with a townhome near Desert Ridge, or buying a rental in west Phoenix. Each request gets a dedicated full-time specialist, and sellers get a value check built on recent Phoenix closings by a full-time agent. Seasonal buyers can compare Phoenix condos for sale with single-family homes, HOA rules and rental limits here and in nearby Glendale and Scottsdale.

Buying or selling a Phoenix business, with or without the real estate? We work with full-time business brokers who value, market and close with complete confidentiality. Retail, office, industrial, flex and multifamily belong with a full-time commercial agent, not a residential agent who handles one occasionally. For land and acreage, we check zoning, water, utilities and access before you commit, so a great price doesn’t become an unbuildable parcel.

Phoenix and Valley events: October 2026 to spring 2027

A weekend visit is a good way to see Phoenix Arizona real estate in person before you write an offer.

Touring Phoenix Arizona real estate listings from out of town? Plan a trip around one of these. Phoenix events are highlighted in green.

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Dates checked October 11, 2026 on each event’s or team’s official site. Every date above is the one published on that official site.

How we build this Phoenix Arizona real estate report

We rebuild this Phoenix Arizona real estate report every month from the latest closings.

Every citywide number in this Phoenix Arizona real estate report is our market data for Phoenix, reported for single-family homes and for condos and townhomes separately. Zip-level figures return once the current month’s zip data is complete; we do not show older zip numbers next to newer citywide data. We never publish a number we cannot verify; when a figure is not available, such as a monthly new construction series or price per square foot, we leave it out instead of guessing. Builder prices come from each builder’s own site and change often, and event dates were checked on official sites. We refresh this report every month.

Phoenix Arizona real estate FAQ