Phoenix, AZ housing market
The typical Phoenix home is worth about $406,000, down 1.5% in a year, close to the Arizona typical home. Homes typically sell in 52 days, below asking.
Home values, sales, trends and how Phoenix compares with the towns next door — updated as new data is published.
Phoenix at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Phoenix | Arizona |
|---|---|---|
| 2017 | $218,000 | $228,000 |
| 2018 | $236,000 | $244,000 |
| 2019 | $255,000 | $264,000 |
| 2020 | $272,000 | $282,000 |
| 2021 | $317,000 | $324,000 |
| 2022 | $409,000 | $416,000 |
| 2023 | $420,000 | $429,000 |
| 2024 | $428,000 | $433,000 |
| 2025 | $427,000 | $434,000 |
| 2026 | $411,000 | $423,000 |
| August 2026 | $406,000 | $418,000 |
Phoenix and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Phoenix | $406K | −1.5% | 52 | $81,332 |
| Scottsdale | $851K | +2.9% | 76 | $110,886 |
| Peoria | $481K | −0.8% | 59 | $95,815 |
| Glendale | $402K | −1.4% | 59 | $73,530 |
| Paradise Valley | $3.52M | +11.7% | 121 | $247,159 |
| Tempe | $461K | −0.6% | 54 | $79,663 |
| New River | $757K | +1.5% | 125 | $134,289 |
5 years of income
The typical Phoenix home costs about 5 years of the town's median household income, about the same as across Arizona (5.2).
How Phoenix ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.