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Phoenix, AZ Real Estate 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 6 months, homes sold for 97.3% of list price in 76 days on average.

Average price, last 12 months

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

List · $574K Sold · $559K
$660K$620K$580K$540K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 1,347 sales in Apr. Last month: 995.

Where the market stands

All homes in this report, by status.

12,908homes
Active5,109 · 40%
Under contract1,073 · 8%
Sold (6 mo)6,726 · 52%

Buyer's or seller's market?

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

4.3months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$691K
Under contract$653K
Sold$584K

Average days on market

Active27 days
Under contract73 days
Sold76 days

Browse homes by status

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

Active homes

Currently for sale
Homes for sale 5,109
Average list price $690,547
Avg. days on market 27 days
Avg. price per ft² $320
Avg. living area 1,942 ft²
Avg. beds / baths 3.5 / 3.4

Charts and listings below cover the 250 highest-priced of 5,109 homes.

Price vs. living area

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

56 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: 192 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.

47 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 5,109)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
5500 N Dromedary RoadPhoenix, AZ 85018 134,641$24,000,000$5,171167 days
5500 N Dromedary Road Unit VPhoenix, AZ 85018 ———$24,000,000—167 days
5626 E Montecito AvenuePhoenix, AZ 85018 679,388$23,500,000$2,50369 days
4949 E Red Rock DrivePhoenix, AZ 85018 479,084$12,750,000$1,40389 days
34406 N 12th StreetPhoenix, AZ 85085 ———$12,500,000—290 days
4704 N 56th StreetPhoenix, AZ 85018 798,905$11,950,000$1,341132 days
5402 E Exeter BoulevardPhoenix, AZ 85018 61012,996$10,995,900$84658 days
4725 N 56th StreetPhoenix, AZ 85018 476,982$10,995,000$1,57444 days
2205 E Colter StreetPhoenix, AZ 85016 7911,039$10,900,000$98755 days
4839 E Grandview LanePhoenix, AZ 85018 354,989$10,000,000$2,00477 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.