Updated July 2026Zillow Research
Phoenix Real Estate Market Update, July 2026
Here are the latest housing market numbers for Phoenix, AZ, for July 2026. Median sale price, market speed, inventory and more, with month-over-month and year-over-year change. The median sale price is $415K.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $415K | ▼ -1.0% | ▲ +0.7% |
| Days to pending | 56 | ▲ +3.7% | • 0.0% |
| Homes for sale | 5,402 | ▼ -2.6% | ▼ -1.7% |
| Sale-to-list | 98.0% | ▲ +0.1% | ▲ +0.1% |
| Months of supply (est.) | 4.0 | ▲ +1.5% | ▼ -1.4% |
| Homes sold (est.) | 3,240 | ▼ -1.3% | ▲ +0.6% |
(est.) = LOKAL estimate, not published by the source at city level.
Metro figures from Zillow Research, ZIP figures from Zillow Research where published, otherwise from the last public Redfin release (each post names its source). Verify against your MLS before posting.
What the Phoenix numbers say
Phoenix is leveling off. The median sale price is $414,513, roughly flat year over year. The market has loosened: a typical listing now takes around 56 days to go under contract, with sellers getting 98.0% of list price.
With 5,402 homes for sale and an estimated 4.0 months of supply, Phoenix is currently a balanced market.
What this means if you sell in Phoenix
Use these figures to set expectations early with each client. Lead a listing appointment with the $415K median price and the 56-day pace, show the year-over-year direction, and frame Phoenix as a balanced market. A buyer or seller client trusts an agent who knows the numbers cold, and posts them every month.
How we track the Phoenix market
We built LOKAL to pull Phoenix's numbers straight from Zillow Research, so an agent and a client read from the same source. For July 2026 we recorded a $415K median sale price, +0.7% year over year, 56 days to pending (the days between listing and accepted offer) and a 98.0% sale-to-list ratio. That compares with roughly $412K a year earlier, in 2025. Zillow Research has published these city-level series monthly since 2018, which is what lets us show month-over-month and year-over-year change here in 2026. We refresh every metro monthly. LOKAL is independent and not affiliated with Zillow; always verify against your MLS before you publish.
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Build the Phoenix post →Frequently asked: the Phoenix housing market
- What is the median home price in Phoenix, AZ?
- As of July 2026, the median sale price in Phoenix is $414,513 (+0.7% year over year), per Zillow Research.
- Is Phoenix a buyer's or seller's market right now?
- Phoenix is currently a balanced market, based on an estimated 4.0 months of supply and a 98.0% sale-to-list ratio for July 2026.
- How long do homes take to sell in Phoenix?
- A typical Phoenix listing goes under contract in about 56 days as of July 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this Phoenix market data come from?
- The sourced figures (median sale price, inventory, sale-to-list and days to pending) come from the latest public Zillow Research release; months of supply and homes sold are estimated from them. LOKAL turns it all into a ready-to-post carousel, story and square graphic for Phoenix agents. LOKAL is not affiliated with Zillow.
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Data credited to its source on every update. LOKAL is independent.
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Data from Zillow Research. Figures are a metro-level snapshot, not a valuation for a specific home.
Phoenix housing market by ZIP code
See Phoenix block by block. These 42 Phoenix-area ZIP codes each have their own real Zillow or Redfin median price, days on market and supply.