Phoenix Metro
Market Report
Stay informed with the latest real estate market data for the Phoenix metropolitan area. Updated May 31, 2026.
Market Overview
The Phoenix metropolitan real estate market as of May 2026 is characterized by balanced conditions. Median home prices across the region hover between $410,000 and $460,000, with increasing listing volume providing more options for buyers compared to previous years. Days on market vary by location, with more affordable areas seeing faster sales and premium neighborhoods maintaining steadier timelines.
Metro Median
$435K
All property types
Avg Days on Market
42
Across metro area
Market Condition
Balanced
Buyer & seller friendly
Inventory Trend
Rising
More options for buyers
City-by-City Breakdown
| City | Median Price | Days on Market | Inventory | Trend |
|---|---|---|---|---|
| Phoenix | $435,000 | 35 days | Balanced | Stable |
| Glendale | $415,000 | 41 days | Balanced | Slight increase in options |
| Goodyear | $500,000 | 53 days | Buyer-friendly | More inventory available |
| Peoria | $540,000 | 51 days | Balanced | Stable |
| Litchfield Park | $625,000 | 45 days | Growing | 19% more listings YoY |
| Buckeye | $465,000 | 48 days | Balanced | New construction growth |
| Surprise | $475,000 | 44 days | Balanced | Stable demand |
| Chandler | $530,000 | 32 days | Competitive | Strong buyer demand |
| Gilbert | $580,000 | 30 days | Competitive | Premium pricing holds |
| Scottsdale | $850,000 | 42 days | Luxury segment strong | Consistent demand |
What This Means for You
For Buyers
More inventory means more choices and less pressure to make rushed decisions. The balanced market gives you room to negotiate. Typical price range in my service areas: $400K to $1M.
For Sellers
Proper pricing and strong marketing are more important than ever. Homes that are priced right and presented well still sell well. I help you stand out in a competitive market.
Market data sourced from JVM Lending, ArizonaHomesAndCondos.com, Houzeo, Zillow, and Orchard as of May 2026. Individual results may vary.
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