Housing Market
Phoenix, AZ
Phoenix is one of the largest and most liquid housing markets in the Sun Belt. The metro attracted significant in-migration during 2020 to 2022, pushing values sharply higher. Since then, affordability constraints and higher mortgage rates have tempered demand. The Phoenix market is large and diverse, with meaningful differences between the core metro, East Valley, and West Valley submarkets.
Current market signal
Based on data as of June 2026
This signal reflects metro-level conditions for the Phoenix area. Individual addresses may vary. Enter your address below for a property-specific report.
Check your home's List or Wait Score
The market-level signal above reflects the Phoenix metro. For a report tied to your specific address, including an estimated value and equity picture, enter your address below.
No account needed. Always free.
About this data
The market signal shown above is based on listing and sales data for zip code 85004 (Phoenix, AZ), combined with national mortgage rate and housing supply data from the Federal Reserve. Data is refreshed monthly. Individual results may differ based on property type, price tier, and neighborhood. This signal is for informational purposes only and is not financial or real estate advice.
Sources: RentCast (listing and sales activity), FRED (Federal Reserve Economic Data).
Frequently asked questions about selling a home in Phoenix
Is it a good time to sell a house in Phoenix right now?
The current market signal for the Phoenix metro is Lean wait, meaning conditions lean toward buyers relative to most U.S. housing markets right now. Homes in this market are spending a median of 96 days on the market before going under contract.
How long are homes sitting on the market in Phoenix?
Homes in the Phoenix metro area are spending a median of 96 days on the market before going under contract based on current data. Lower figures generally reflect stronger buyer demand and faster-moving market conditions.
Is Phoenix a buyer's market or a seller's market?
Based on current data signals, the Phoenix market is leaning toward buyers. Broadly, markets with fewer than four months of available housing supply tend to favor sellers, markets between four and six months are considered balanced, and markets above six months tend to favor buyers. The current national months of housing supply is 9.4 months -- individual metro markets can vary significantly from this figure.
What is the housing inventory like in Phoenix?
Active listings in the Phoenix area are down 1% compared to the same period last year, with 73 homes currently active in our dataset. Declining inventory tends to create more competition among buyers and support seller pricing power.