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Phoenix Home Values and Market Report

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Report prepared by Levendirealty.com Pro Star Realty
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Market at a glance

Over the last 12 months, homes sold for 97.1% of list price in 78 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $656K Sold · $635K
$660K$620K$580K$540K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 1,347 sales in Apr. Last month: 968.

Where the market stands

All homes in this report, by status.

19,405homes
Active5,084 · 26%
Under contract976 · 5%
Sold (12 mo)13,345 · 69%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

4.6months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$696K
Under contract$646K
Sold$588K

Average days on market

Active27 days
Under contract77 days
Sold78 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 5,084
Average list price $695,961
Avg. days on market 27 days
Avg. price per ft² $320
Avg. living area 1,946 ft²
Avg. beds / baths 3.4 / 3.4

Charts and listings below cover the 250 highest-priced of 5,084 homes.

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

57 homes didn’t report living area and aren’t shown.

2 homes are larger or pricier than this chart’s scale and aren’t shown.

$15M$10M$5M$0

Price vs. living area: 191 homes plotted, up to $15M and 30,000 ft².

0 ft²10,00020,00030,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

46 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

5500 N Dromedary Road$5,171
5626 E Montecito Avenue$2,503
4839 E Grandview Lane$2,004
4725 N 56th Street$1,574
4908 E Calle Del Medio --$1,531
5040 N Arcadia Drive$1,516
4925 E Red Rock Drive Unit 43$1,465

Active listings (250 of 5,084)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
5500 N Dromedary RoadPhoenix, AZ 85018 134,641$24,000,000$5,171171 days
5500 N Dromedary Road Unit VPhoenix, AZ 85018 ———$24,000,000—171 days
5626 E Montecito AvenuePhoenix, AZ 85018 679,388$23,500,000$2,50373 days
4949 E Red Rock DrivePhoenix, AZ 85018 479,084$12,750,000$1,40393 days
34406 N 12th StreetPhoenix, AZ 85085 ———$12,500,000—294 days
4704 N 56th StreetPhoenix, AZ 85018 798,905$11,950,000$1,341136 days
5402 E Exeter BoulevardPhoenix, AZ 85018 61012,996$10,995,900$84662 days
4725 N 56th StreetPhoenix, AZ 85018 476,982$10,995,000$1,57448 days
2205 E Colter StreetPhoenix, AZ 85016 7911,039$10,900,000$98759 days
32600 N 29 Avenue Unit *Phoenix, AZ 85086 ———$10,250,000—78 days
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Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.