Local home value data · Phoenix, AZ
What's my home worth in Phoenix, AZ?
Phoenix has spent the last few years settling out of its pandemic-era sprint, and the latest numbers show a large Sun Belt market moving at a measured pace: prices are barely changing and homes are taking a couple of months to sell.
Is Phoenix a buyer's or seller's market?
Roughly balanced. Redfin rates Phoenix 51/100 (somewhat competitive), based on how quickly homes sell, how often they get multiple offers, and how close they sell to list price.
What this means if you're selling in Phoenix
A median sale price of $455,000, up just 1.0% year-over-year, suggests a market in balance rather than one gaining or losing ground quickly. Homes in Phoenix average about 57 days on market, slightly faster than the 60 days a year ago, with around two offers per listing and a Redfin Compete Score of 51. Buyers have room to negotiate on pricing and timing, while sellers do best when they price in line with recent nearby sales.
How Phoenix compares
Phoenix's median sale price sits 12% above the U.S. median.
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Get Free Home ValueFrequently asked questions
Is Phoenix a buyer's or seller's market right now?
The numbers point to a fairly even market. Redfin rates Phoenix 51 out of 100 for competition, homes average about 57 days on market, and the typical listing draws around two offers. Prices are up only 1.0% year-over-year, so neither side has a strong advantage.
How long does it take to sell a home in Phoenix?
Over the three months ending August 2026, the median home in Phoenix spent about 57 days on market, compared with 60 days a year earlier. Well-priced homes can move faster, but plan for roughly two months from listing to sale.
How accurate is the Phoenix median price for my neighborhood?
A citywide median of $455,000 blends everything from small starter homes to large estates, so a single neighborhood can sit well above or below it. Request a free home value report, reviewed by a local agent, for an estimate based on comparable sales near your address.
Home values in nearby markets
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Market data (median sale price, year-over-year change, days on market, and buyer competition) sourced from Redfin, trailing 3-month data as of August 2026. Figures are approximate, change frequently, and are not a substitute for a formal appraisal or a local agent's comparative market analysis. Read more about how home value estimates work.