Photo: DPPed · CC BY-SA 3.016,177 homes sold in Phoenix in the last year, at a typical $457K
About one sale in 5 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Phoenix homes are listed.
Every place Phoenix homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Phoenix.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
7% of Phoenix’s sales are condos, at $172K less than a house
12937 houses and 1158 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 12937 sold in 12 months
- Per square foot
- $279AZ $251
- Days to sell
- 57
- Sold over asking
- 16%
- Listings with a price cut
- 32%
typical sale · 1158 sold in 12 months
- Per square foot
- $303AZ $279
- Days to sell
- 94
- Sold over asking
- 9%
- Listings with a price cut
- 30%
Multi-family (2–4 units): 181 sold, typical $613K
Townhouses: 1901 sold, typical $331K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at twice the 2016 price
16,177 sales in the last year, against 28,432 in 2021 and a low of 16,062 in 2024. The typical sale went from $213K in 2016 to $457K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Phoenix
Check a listing against what Phoenix homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Phoenix are back to pre-pandemic levels, with about as many homes for sale
We read every month of Phoenix’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 16,177 sales.
If you’re buying in Phoenix
- Shop in January. It brings about 2269 new listings a month, close to the busiest month, with fewer bidding wars (20% over asking).
- Some room to negotiate. 31% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 97.6% of the list price on average; 15% paid over.
- You’ll usually have time. Only 24% of homes go under contract within two weeks; the typical one takes 60 days.
Spring brings both the most homes and the most bidding wars
March has the most new listings (about 2615 a month), but April is the most competitive: 28% of April sales close over asking. January and February offer nearly as much choice with fewer homes bid up (20%). January has the least competition (20%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Arizona as a whole
| Phoenix now | 2017–19 | 2021 peak | AZ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 15% | 18% | 51% | 13% |
| Gone within two weeksShare of homes under contract within 14 days | 24% | 39% | 60% | 22% |
| Listings with a price cutShare of homes for sale that cut their price | 31% | 28% | 19% | 29% |
| Price paid vs. askingAverage sale price ÷ list price | 97.6% | 98.2% | 101.2% | 97.8% |
| Days to sellMedian days from listing to contract | 60 | 44 | 28 | 67 |
5475 homes for sale on a typical day
That’s 1.9 times the 2021 low (2937) and about the 2017–19 level.
1 in 3 listings has cut its price
31% in the last year, against 28% in 2017–19 and 29% across Arizona.
Since 2019, houses are up 73%, condos 75%
A house typically sold for $486K in the last year (12937 sales), a condo for $313K (1158).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Phoenix ranks 26th of 97 busy Arizona markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Phoenix is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Phoenix home costs about $2,552 a month
Price: Phoenix’s typical sale, last 12 months. Property tax at Phoenix’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Phoenix is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 1421.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $457K home, about $2,010 a year.
Taxes vs. neighborsSchools
The schools grade for Phoenix, from test results, graduation and how much students grow.
Schools in PhoenixCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Glendale, Sun City, Youngtown, Tolleson and El Mirage sell for less a square foot; Paradise Valley for far more
The busier markets within 25 miles of Phoenix, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Phoenix | 16,177 | $457K | $278 | 15% | 60 |
| Glendale | 2,066 | $435K | $239 | 18% | 62 |
| Sun City | 1,483 | $265K | $181 | 15% | 75 |
| Paradise Valley | 296 | $4.6M | $876 | 4% | 80 |
| El Mirage | 276 | $349K | $235 | 29% | 55 |
| Youngtown | 107 | $346K | $227 | 19% | 86 |
| Tolleson | 30 | $359K | $238 | 3% | 50 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Phoenix, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Phoenix. People who follow the town see it, and so do people comparing Phoenix with their own town. No commission, no listing fee.
Questions about buying a home in Phoenix
What do homes sell for in Phoenix, AZ?
16,177 homes sold in the year to May 2026 at a typical $457K, $278 a square foot. Houses sold for about $486K, condos for about $313K.
Is Phoenix a buyer’s or seller’s market?
A seller’s market: 5550 homes were for sale in May 2026 and 1535 sold, about 3.6 months of supply. Buyers paid 97.6% of asking on average, and 31% of listings cut their price.
When is the best time to buy in Phoenix?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Phoenix?
About 0.4% of a home’s value a year. On a $457K home that’s near $2,010.
Where can I see homes for sale in Phoenix?
Zillow, Redfin, Realtor.com and Homes.com all carry Phoenix’s MLS listings; the search links above open each one filtered to Phoenix.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).