Are home prices going up or down in Phoenix, AZ?
In Phoenix, AZ, the typical home sold for $469,000 during May 2026 — about the same as a year ago. Prices are flat, not rising or falling.
Over the last 36 months the typical sale price in Phoenix, AZ went from $454,995 to $469,000 — up 3%.
The high point was $472,500, reached in February 2025. Today's typical sale is 1% below that.
Measured by size, homes in Phoenix, AZ are selling for about $257 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Phoenix, AZ area, through May 2026.
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More about the Phoenix, AZ market
- When is the best month to sell a house in Phoenix, AZ?
- How long does it take to sell a house in Phoenix, AZ?
- Do homes sell above asking price in Phoenix, AZ?
- Is Phoenix, AZ a buyer's market or a seller's market?
- How many homes are for sale in Phoenix, AZ?
- All Phoenix, AZ housing numbers
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Figures come from Redfin's published market data for the Phoenix, AZ area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.