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Acre

Balanced market · 3.9 months of supply

Phoenix, AZ

Median $462,000 · +3.5% year over year

Browse Phoenix listings
Median sale price
$462,000+3.5%
Year over year
Median rent
$1,650+3.1%
Year over year
Price per sq ft
$288
Metro median
Days on market
42
Sale-to-list 96.8%

36 months

Median sale price

Median price from Aug '23 to Jul '26: rising, $459K to $462K (+0.7%).
PeriodMedian price
Aug '23$459K
Sep '23$455K
Oct '23$450K
Nov '23$447K
Dec '23$444K
Jan '24$445K
Feb '24$445K
Mar '24$446K
Apr '24$445K
May '24$447K
Jun '24$448K
Jul '24$442K
Aug '24$439K
Sep '24$437K
Oct '24$433K
Nov '24$428K
Dec '24$428K
Jan '25$430K
Feb '25$431K
Mar '25$438K
Apr '25$442K
May '25$445K
Jun '25$449K
Jul '25$447K
Aug '25$448K
Sep '25$447K
Oct '25$445K
Nov '25$445K
Dec '25$446K
Jan '26$448K
Feb '26$450K
Mar '26$454K
Apr '26$460K
May '26$462K
Jun '26$464K
Jul '26$462K

Market balance

3.904.59
Balanced

Months of supply

Under 4 months favours sellers; over 6 favours buyers.

Months of supply: 3.9 on a scale from 0 to 9. Market is balanced.
Months of supply3.9
Scale minimum0
Scale maximum9
Market temperatureBalanced
12-mo forecast
+4.1%
With price cuts
29%

36 months

Median rent

Median rent from Aug '23 to Jul '26: rising, $1,600 to $1,650 (+3.1%).
PeriodMedian rent
Aug '23$1,600
Sep '23$1,590
Oct '23$1,590
Nov '23$1,575
Dec '23$1,570
Jan '24$1,575
Feb '24$1,570
Mar '24$1,570
Apr '24$1,570
May '24$1,575
Jun '24$1,580
Jul '24$1,585
Aug '24$1,580
Sep '24$1,580
Oct '24$1,575
Nov '24$1,565
Dec '24$1,560
Jan '25$1,565
Feb '25$1,560
Mar '25$1,570
Apr '25$1,585
May '25$1,590
Jun '25$1,595
Jul '25$1,600
Aug '25$1,610
Sep '25$1,615
Oct '25$1,610
Nov '25$1,610
Dec '25$1,610
Jan '26$1,610
Feb '26$1,615
Mar '26$1,620
Apr '26$1,630
May '26$1,635
Jun '26$1,635
Jul '26$1,650

18 months

Active inventory

Value across 18 categories. Highest Jul '25 at 5,686; lowest Feb '26 at 4,518.
CategoryValue
Feb '254,628
Mar '254,799
Apr '255,101
May '255,385
Jun '255,449
Jul '255,686
Aug '255,634
Sep '255,583
Oct '255,244
Nov '255,240
Dec '254,906
Jan '264,696
Feb '264,518
Mar '264,736
Apr '264,850
May '265,137
Jun '265,228
Jul '265,499

18 months

Days on market

Value across 18 categories. Highest Feb '25 at 63 d; lowest Sep '25 at 42 d.
CategoryValue
Feb '2563 d
Mar '2559 d
Apr '2559 d
May '2550 d
Jun '2548 d
Jul '2543 d
Aug '2543 d
Sep '2542 d
Oct '2543 d
Nov '2550 d
Dec '2552 d
Jan '2658 d
Feb '2662 d
Mar '2659 d
Apr '2655 d
May '2651 d
Jun '2646 d
Jul '2642 d
Active inventory
5,499
New listings
8
This month
Pending sales
1,596
Closed sales
1,393
Affordability
53/100
Higher is more affordable

On the market now

Listings in Phoenix

View all
3 Bed Townhome in Willo, 8201 N 7th St
8201 N 7th St, photo 2 of 8

$988,000

3 bd · 2.5 ba · 2,160 sq ft

8201 N 7th St

Phoenix, AZ 85003

Listed 2 weeks ago$457/sq ft
4 Bed Home in Coronado, 7070 E Roosevelt St
7070 E Roosevelt St, photo 2 of 8

$680,000

4 bd · 2.5 ba · 2,340 sq ft

7070 E Roosevelt St

Phoenix, AZ 85004

Listed 5 months ago$291/sq ft
2 Bed Condo in Ahwatukee, 2534 E Indian School Rd, 7C
2534 E Indian School Rd, 7C, photo 2 of 6
Open Sun

$669,000

2 bd · 2 ba · 1,440 sq ft

2534 E Indian School Rd, 7C

Phoenix, AZ 85006

Listed 7 weeks ago$465/sq ft
41,910 SF Mixed-use building in Encanto, 778 E Camelback Rd
778 E Camelback Rd, photo 2 of 5

$13,610,000

7.3% cap · 41,910 sq ft RBA · Class C

778 E Camelback Rd

Phoenix, AZ 85007

Listed 6 months ago$325/sq ft
45,920 SF Office building in Roosevelt Row, 4400 E Thomas Rd
4400 E Thomas Rd, photo 2 of 8

$9,245,000

8.0% cap · 45,920 sq ft RBA · Class B

4400 E Thomas Rd

Phoenix, AZ 85012

Listed 2 months ago$201/sq ft
3 Bed Condo in Arcadia, 4096 W McDowell Rd, 12H
4096 W McDowell Rd, 12H, photo 2 of 8

$1,070,000

3 bd · 2.5 ba · 1,780 sq ft

4096 W McDowell Rd, 12H

Phoenix, AZ 85014

Listed 4 months ago$601/sq ft

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