GREATER PHOENIX REAL ESTATE MARKET

Phoenix Real Estate Market

September 2026 Market Update

The Phoenix-area market has become more balanced. Buyers have more choices than they did a year ago, while sellers need to pay close attention to pricing, presentation, and competition.

GREATER PHOENIX SNAPSHOT

What The Numbers Say

These figures represent the Phoenix-Mesa-Scottsdale metropolitan area and use August 2026 market data.

Median Listing Price

$475,000

August 2026

Active Listings

17,707

+5.2% year over year

Median Days On Market

August 2026

New Listings

6,104

August 2026

WHAT IT MEANS

Buyers Have More Choice. Sellers Need A Better Strategy.

FOR BUYERS

More Inventory Means More Opportunity

With 17,707 active listings across the Phoenix-Mesa-Scottsdale metro in August, buyers have more options to compare. That can create more negotiating room, but the right home can still be competitive.

Compare more homes before making a decision

Pay close attention to condition and location

Evaluate price against recent comparable sales

Negotiate price and terms rather than focusing only on asking price

FOR SELLERS

Pricing And Presentation Matter More

A market with more available homes gives buyers more choices. That makes accurate pricing, professional presentation, strong marketing, and skilled negotiation increasingly important.

Price from current comparable sales—not last year's market

Prepare the home to compete with nearby listings

Use professional photography and marketing

Have a clear strategy for offers, inspections, and negotiations

PHOENIX CITY

Phoenix City Market Snapshot

City-level numbers can look different from the broader metro, so it is important to know which geography you are evaluating.

Median listing price

$454,500

-6.06% YoY

Median sold price

$461,734

+0.38% YoY

Active listings

6,783

Phoenix city

Median days on market

August 2026

WHAT DOES THE MARKET MEAN FOR YOUR HOME?

Your Home Is Worth More Than A Market Statistic.

Median prices are useful for understanding the market, but your home's value depends on its location, condition, size, features, competition, and recent comparable sales.

Market data on this page is for informational purposes and is not a guarantee of future market performance. Greater Phoenix metro data is based on August 2026 Realtor.com data reported through the FRED housing-market release. Phoenix city data is from Realtor.com's August 2026 market summary. Data can vary by source, property type, geography, and reporting period.

Last updated September 2026.