Housing Market Report for Phoenix, AZ

This housing market report uses absorption rates to track supply and demand for Phoenix, AZ. With 4.9 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 26, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$125k – $150k

Absorption rate of 1.8, with 0.5 months of inventory.

Coolest Segment ❄️
$8m – $9m

With 66 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$375k – $400k

316 active listings with 464 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 4.2 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 1 2 2 0.3 3 Balanced
50k-75k 1 0
75k-100k 4 2 0.7 0 Seller's
100k-125k 2 0.3 0 Seller's
125k-150k 1 11 5 1.8 0.5 Seller's
150k-175k 13 1 2.2 0 Seller's
175k-200k 3 20 6 1.1 0.9 Seller's
200k-225k 3 24 6 1.3 0.8 Seller's
225k-250k 17 41 8 0.4 2.5 Seller's
250k-275k 22 49 9 0.4 2.7 Seller's
275k-300k 65 126 33 0.3 3.1 Balanced
300k-325k 113 244 39 0.4 2.8 Seller's
325k-350k 228 366 65 0.3 3.7 Balanced
350k-375k 235 381 49 0.3 3.7 Balanced
375k-400k 316 464 85 0.2 4.1 Balanced
400k-425k 225 323 33 0.2 4.2 Balanced
425k-450k 279 286 57 0.2 5.9 Balanced
450k-475k 175 247 36 0.2 4.3 Balanced
475k-500k 190 239 32 0.2 4.8 Balanced
500k-550k 239 406 58 0.3 3.5 Balanced
550k-600k 168 283 32 0.3 3.6 Balanced
600k-650k 168 253 33 0.3 4 Balanced
650k-700k 148 199 36 0.2 4.5 Balanced
700k-750k 140 185 29 0.2 4.5 Balanced
750k-800k 114 164 22 0.2 4.2 Balanced
800k-850k 89 150 26 0.3 3.6 Balanced
850k-900k 91 121 21 0.2 4.5 Balanced
900k-950k 59 96 12 0.3 3.7 Balanced
950k-1m 67 84 19 0.2 4.8 Balanced
1m-1.1m 64 96 20 0.3 4 Balanced
1.1m-1.2m 64 85 20 0.2 4.5 Balanced
1.2m-1.3m 68 64 17 0.2 6.4 Buyer's
1.3m-1.4m 52 50 11 0.2 6.2 Buyer's
1.4m-1.5m 46 52 10 0.2 5.3 Balanced
1.5m-1.6m 31 37 8 0.2 5 Balanced
1.6m-1.7m 29 31 8 0.2 5.6 Balanced
1.7m-1.8m 32 24 10 0.1 8 Buyer's
1.8m-1.9m 13 23 1 0.3 3.4 Balanced
1.9m-2m 19 18 6 0.2 6.3 Buyer's
2m-2.25m 25 33 6 0.2 4.5 Balanced
2.25m-2.5m 27 28 8 0.2 5.8 Balanced
2.5m-2.75m 18 19 5 0.2 5.7 Balanced
2.75m-3m 20 9 1 0.1 13.3 Buyer's
3m-3.5m 25 20 6 0.1 7.5 Buyer's
3.5m-4m 17 18 2 0.2 5.7 Balanced
4m-4.5m 11 13 4 0.2 5.1 Balanced
4.5m-5m 9 4 1 0.1 13.5 Buyer's
5m-6m 12 12 5 0.2 6 Balanced
6m-7m 4 5 1 0.2 4.8 Balanced
7m-8m 4 1 1 0 24
8m-9m 11 1 0 66
9m-10m 7 0
10m-11m 3 1 0.1 18 Buyer's
11m-12m 1 0
12m-13m 3 0
23m-24m 2 0

Townhouses

Hottest Segment 🔥
$100k – $125k

Absorption rate of 0.4, with 2.7 months of inventory.

Coolest Segment ❄️
$1.5m – $1.6m

With 18 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$275k – $300k

73 active listings with 83 sold in the last 6 months.

Market Overview
All Segments

Supply and demand are roughly in balance at 6 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
25k-50k 1 0
50k-75k 1 0
75k-100k 4 3 0.1 8 Buyer's
100k-125k 8 18 3 0.4 2.7 Seller's
125k-150k 16 18 3 0.2 5.3 Balanced
150k-175k 36 27 5 0.1 8 Buyer's
175k-200k 46 37 8 0.1 7.5 Buyer's
200k-225k 42 48 8 0.2 5.3 Balanced
225k-250k 45 62 10 0.2 4.4 Balanced
250k-275k 58 49 7 0.1 7.1 Buyer's
275k-300k 73 83 9 0.2 5.3 Balanced
300k-325k 63 65 5 0.2 5.8 Balanced
325k-350k 51 70 5 0.2 4.4 Balanced
350k-375k 49 47 10 0.2 6.3 Buyer's
375k-400k 42 49 10 0.2 5.1 Balanced
400k-425k 25 31 2 0.2 4.8 Balanced
425k-450k 37 36 5 0.2 6.2 Buyer's
450k-475k 19 22 3 0.2 5.2 Balanced
475k-500k 27 28 5 0.2 5.8 Balanced
500k-550k 30 32 3 0.2 5.6 Balanced
550k-600k 32 30 3 0.2 6.4 Buyer's
600k-650k 28 20 5 0.1 8.4 Buyer's
650k-700k 22 11 4 0.1 12 Buyer's
700k-750k 10 14 2 0.2 4.3 Balanced
750k-800k 13 7 0.1 11.1 Buyer's
800k-850k 8 4 0.1 12 Buyer's
850k-900k 5 4 0.1 7.5 Buyer's
900k-950k 3 2 0.1 9 Buyer's
950k-1m 2 1 0.1 12 Buyer's
1m-1.1m 4 2 0.1 12 Buyer's
1.1m-1.2m 8 0
1.2m-1.3m 1 0.2 0 Seller's
1.3m-1.4m 1 0
1.4m-1.5m 2 0
1.5m-1.6m 3 1 1 0.1 18 Buyer's
1.7m-1.8m 2 0
1.8m-1.9m 2 0
1.9m-2m 1 0
2.25m-2.5m 3 0
2.5m-2.75m 1 0
3m-3.5m 1 2 1 0.3 3 Balanced
3.5m-4m 1 0
4m-4.5m 1 0

Condos

Hottest Segment 🔥
$50k – $75k

Absorption rate of 0.3, with 4 months of inventory.

Coolest Segment ❄️
$1.1m – $1.2m

With 36 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$225k – $250k

54 active listings with 46 sold in the last 6 months.

Market Overview
All Segments

With 8.6 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 2 0
50k-75k 4 6 1 0.3 4 Balanced
75k-100k 9 2 0 27
100k-125k 20 17 2 0.1 7.1 Buyer's
125k-150k 26 27 3 0.2 5.8 Balanced
150k-175k 38 30 6 0.1 7.6 Buyer's
175k-200k 41 41 10 0.2 6 Balanced
200k-225k 41 42 10 0.2 5.9 Balanced
225k-250k 54 46 3 0.1 7 Buyer's
250k-275k 46 29 2 0.1 9.5 Buyer's
275k-300k 52 30 2 0.1 10.4 Buyer's
300k-325k 40 26 4 0.1 9.2 Buyer's
325k-350k 31 22 2 0.1 8.5 Buyer's
350k-375k 23 17 3 0.1 8.1 Buyer's
375k-400k 23 22 4 0.2 6.3 Buyer's
400k-425k 17 11 1 0.1 9.3 Buyer's
425k-450k 28 9 4 0.1 18.7 Buyer's
450k-475k 9 12 1 0.2 4.5 Balanced
475k-500k 15 6 2 0.1 15 Buyer's
500k-550k 11 14 1 0.2 4.7 Balanced
550k-600k 19 7 0.1 16.3 Buyer's
600k-650k 11 2 0 33
650k-700k 5 1 0 30
700k-750k 9 2 0 27
750k-800k 2 1 1 0.1 12 Buyer's
800k-850k 2 1 1 0.1 12 Buyer's
850k-900k 2 2 1 0.2 6 Balanced
900k-950k 1 0
950k-1m 3 1 0.1 18 Buyer's
1m-1.1m 3 2 0.1 9 Buyer's
1.1m-1.2m 6 1 0 36
1.2m-1.3m 5 4 2 0.1 7.5 Buyer's
1.3m-1.4m 2 2 0.2 6 Balanced
1.4m-1.5m 4 4 0.2 6 Balanced
1.5m-1.6m 2 0.3 0 Seller's
1.6m-1.7m 2 2 0.2 6 Balanced
1.8m-1.9m 3 1 1 0.1 18 Buyer's
1.9m-2m 2 0
2m-2.25m 4 0
2.25m-2.5m 2 1 1 0.1 12 Buyer's
2.5m-2.75m 1 0
2.75m-3m 6 1 0 36
3m-3.5m 6 0
3.5m-4m 4 1 0 24
4m-4.5m 3 1 0.1 18 Buyer's
4.5m-5m 1 0
5m-6m 1 0
7m-8m 2 0

Land

Hottest Segment 🔥
$50k – $75k

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️
$425k – $450k

With 72 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$75k – $100k

5 active listings with 8 sold in the last 6 months.

Market Overview
All Segments

With 20.9 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 3 1 0.1 18 Buyer's
25k-50k 2 2 1 0.2 6 Balanced
50k-75k 1 2 1 0.3 3 Balanced
75k-100k 5 8 0.3 3.8 Balanced
100k-125k 8 3 1 0.1 16 Buyer's
125k-150k 16 5 3 0.1 19.2 Buyer's
150k-175k 10 1 1 0 60
175k-200k 15 6 2 0.1 15 Buyer's
200k-225k 10 3 0.1 20 Buyer's
225k-250k 11 0
250k-275k 2 3 0.3 4 Balanced
275k-300k 17 0
300k-325k 8 3 0.1 16 Buyer's
325k-350k 16 2 1 0 48
350k-375k 11 4 1 0.1 16.5 Buyer's
375k-400k 12 4 0.1 18 Buyer's
400k-425k 6 2 0.1 18 Buyer's
425k-450k 12 1 1 0 72
450k-475k 4 0
475k-500k 10 1 0 60
500k-550k 3 3 1 0.2 6 Balanced
550k-600k 8 2 0 24
600k-650k 2 0
650k-700k 7 1 0 42
700k-750k 4 4 0.2 6 Balanced
750k-800k 2 1 0.1 12 Buyer's
800k-850k 6 1 0 36
850k-900k 4 2 0.1 12 Buyer's
900k-950k 4 1 0 24
950k-1m 1 1 1 0.2 6 Balanced
1m-1.1m 3 1 0.1 18 Buyer's
1.1m-1.2m 6 1 1 0 36
1.2m-1.3m 6 2 0.1 18 Buyer's
1.4m-1.5m 6 0
1.5m-1.6m 4 0
1.6m-1.7m 1 0
1.7m-1.8m 2 1 0.1 12 Buyer's
1.8m-1.9m 1 0
1.9m-2m 3 1 0.1 18 Buyer's
2m-2.25m 1 1 0.2 6 Balanced
2.25m-2.5m 4 0
2.5m-2.75m 1 0
2.75m-3m 3 1 0.1 18 Buyer's
3m-3.5m 1 1 0.2 6 Balanced
3.5m-4m 3 0
4m-4.5m 1 1 0.2 6 Balanced
5m-6m 3 0
6m-7m 1 0
10m-11m 1 0.2 0 Seller's
12m-13m 1 0
23m-24m 1 0

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