Housing in Phoenix, AZ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$450,000
Median List Price
$489,000
Price Per Sq Ft
$276
Days on Market
72
Active Inventory
5,106
Months of Supply
4.6
Balanced market
Zillow Home Value
$403,827
ZHVI — January 2026
Zillow Rent Index
$1,550
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
13.8%
Off Market in 2 Weeks
26.6%
Sale-to-List Ratio
97.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1,111
New Listings
2,126
Pending Sales
1,632
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$276
Median List $/SF
$294
Phoenix vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with over 1,000,000 residents. Phoenix is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$381,900
Median Rent
$1,458
Total Housing Units
642,867
Vacancy Rate
6.5%
Owner Occupied
57.1%
Renter Occupied
42.9%
Median Property Tax
$1,825
per year
Monthly Cost (w/ Mortgage)
$1,390
Housing Types
The current median sale price in Phoenix, AZ is $450,000 according to Redfin data. Homes spend a median of 72 days on the market. 13.8% of homes sold above asking price. The market has 4.6 months of supply. The median price per square foot is $276. Zillow's observed rent index is $1,550/month. About 57.1% of housing units are owner-occupied. The median year homes were built is 1984. There are 642,867 total housing units.