Phoenix, AZ
Housing market overview · Updated weekly
$460,900median sale price
Homes sold
1,233
Last 12 weeks
Days on market
62
Average pace
Active listings
5,506
4.5 months supply
Sale-to-list
97.7%
Below asking
The Phoenix housing market is currently classified as a leaning buyer's with a median sale price of $460,900. Prices have fallen 2.4% compared to last year, with homes spending an average of 62 days on market, indicating 4.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Phoenix?
The median home sale price in Phoenix is $460,900, down 2.4% from last year.
How long do homes stay on market in Phoenix?
Homes typically spend 62 days on market before going under contract.
Is Phoenix a buyer's or seller's market?
With 4.5 months of supply, Phoenix is currently a leaning buyer's.
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