Arizona housing market
Statewide listing data for September 2026, the latest month Realtor.com® Economic Research has published, with two years of history. Checked October 8, 2026.
Arizona at a glance
SouthwestSource: Realtor.com® Economic Research (Arizona, September 2026). Asking prices and active listings, not closed sales.
What the data says
- There are 6.7% more homes for sale in Arizona than a year ago.
- The median asking price is down 3.5% from a year ago.
- 27% of active listings have had at least one price reduction.
- The typical listing spends 65 days on the market, 2 days shorter than a year ago.
Repeat sales and appraisals of the same homes, published quarterly with a lag of about two months.
Two-year trend
Median listing price, Arizona
| Period | Value |
|---|---|
| 2024-09-01 | $497K |
| 2024-10-01 | $495K |
| 2024-11-01 | $490K |
| 2024-12-01 | $477K |
| 2025-01-01 | $481K |
| 2025-02-01 | $489K |
| 2025-03-01 | $495K |
| 2025-04-01 | $499K |
| 2025-05-01 | $499K |
| 2025-06-01 | $498K |
| 2025-07-01 | $487K |
| 2025-08-01 | $479K |
| 2025-09-01 | $477K |
| 2025-10-01 | $475K |
| 2025-11-01 | $470K |
| 2025-12-01 | $465K |
| 2026-01-01 | $469K |
| 2026-02-01 | $474K |
| 2026-03-01 | $475K |
| 2026-04-01 | $479K |
| 2026-05-01 | $475K |
| 2026-06-01 | $475K |
| 2026-07-01 | $467K |
| 2026-08-01 | $460K |
| 2026-09-01 | $460K |
Homes for sale, Arizona
| Period | Value |
|---|---|
| 2024-09-01 | 22K |
| 2024-10-01 | 24K |
| 2024-11-01 | 25K |
| 2024-12-01 | 24K |
| 2025-01-01 | 24K |
| 2025-02-01 | 26K |
| 2025-03-01 | 28K |
| 2025-04-01 | 30K |
| 2025-05-01 | 31K |
| 2025-06-01 | 30K |
| 2025-07-01 | 29K |
| 2025-08-01 | 27K |
| 2025-09-01 | 28K |
| 2025-10-01 | 30K |
| 2025-11-01 | 30K |
| 2025-12-01 | 27K |
| 2026-01-01 | 29K |
| 2026-02-01 | 29K |
| 2026-03-01 | 30K |
| 2026-04-01 | 31K |
| 2026-05-01 | 30K |
| 2026-06-01 | 30K |
| 2026-07-01 | 29K |
| 2026-08-01 | 29K |
| 2026-09-01 | 30K |
Listings follow a seasonal pattern each year; compare a month with the same month a year earlier.
Arizona compared with the U.S.
Compare with another state| Measure | Arizona | United States |
|---|---|---|
| Median listing price | $459,900 (−3.5% y/y) | $419,250 (−1.4% y/y) |
| Homes for sale | 29,571 (+6.7% y/y) | 1,161,615 (+5.4% y/y) |
| Median days on market | 65 days (−2 days y/y) | 61 days (Unchanged y/y) |
| Listings with a price cut | 26.7% (+2.5 pts y/y) | 20.8% (+0.9 pts y/y) |
| Median list price per sq ft | $260 (−1.8% y/y) | $223 (−1.7% y/y) |
Sources: Realtor.com® Economic Research (Arizona, September 2026); Realtor.com® Economic Research (United States, September 2026). “y/y” is the change from the same month a year earlier.
An affordability illustration
Run your own numbersThe inputs
- Median listing price (September 2026)$459,900
- Down payment20% ($91,980)
- Loan amount$367,920
- Rate: 30-year fixed, national (Week of Oct 1, 2026)7.28%
- Median household income, Arizona (2025)$86,570
This is an illustration, not a lender calculation. It leaves out property taxes, homeowners insurance, mortgage insurance and HOA dues, which can add several hundred dollars or more a month. The rate is a national average for strong-credit borrowers; your rate may differ.
Sources: Realtor.com® Economic Research (Arizona, September 2026); Freddie Mac Primary Mortgage Market Survey, via FRED, Federal Reserve Bank of St. Louis (United States, Week of Oct 1, 2026); U.S. Census Bureau, Current Population Survey, via FRED, Federal Reserve Bank of St. Louis (Arizona, 2025).
Editor’s notes on Arizona
Written March 2026; conditions may have changedArizona remains one of the fastest-appreciating states in the nation, fueled by a massive influx of California and Pacific Northwest transplants, a booming tech sector anchored by semiconductor giants like Intel and TSMC, and consistently strong job growth. The Phoenix metro in particular has evolved from a retirement destination to a full-blown tech corridor. Inventory remains historically low despite new construction ramping up, and well-priced homes regularly attract multiple offers within days of listing.
For buyers
Move fast. Homes in the $400K–$600K range in Phoenix, Mesa, and Chandler are seeing 3–8 offers in the first weekend. Get fully pre-approved (not just pre-qualified) and be ready to waive minor contingencies in competitive offers.
For sellers
You're in the driver's seat. Price at or slightly below market to generate multiple offers and drive up your final sale price. The days of needing to offer concessions are largely gone in most Phoenix suburbs.
These notes are background written by our editors in March 2026, before the data above. Where they differ, the dated figures on this page are more current.