Phoenix Metro Housing Market Report
Report period: August 2026
Phoenix Metro Housing Market Report – August 2026
Phoenix Metro · Last updated Aug 11, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$479,204
−0.6%
Median DOM (Sales)
53
+3.1%
New Listings (Sales)
566
−63.7%
Median Rent
$1,667
+0.6%
Median DOM (Rental)
14
+17.9%
Total Rental Listings
9,351
−11.7%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (45 DOM)
- Fastest renting: Apartment (9 DOM)
- Strongest bedroom: 7 Beds ($1,450,337 median)
Sales Market Overview
Median Price
$479,204
−0.6%
Median DOM
53
+3.1%
New Listings
566
−63.7%
Inventory
7,319
−0.4%
- Average Price: $570,351
- Median Price: $479,204
- Price Range: $97,180 – $3,024,012
- Price per Sq Ft (Avg/Median): $297 / $291
- Square Footage (Avg/Median): 1,797 / 1,657
- Square Footage Range: 657 – 5,187
- Days on Market (Avg/Median): 78 / 53
- Days on Market Range: 2 – 337
- New Listings: 566
- Total Listings: 7,319
Sales by Property Type
Condo
Avg/Median Price$283,893 / $259,529Range$181,323 – $612,971Price per Sq Ft$260 / $248Sq Ft1,048 / 1,025DOM97 / 77New40Total804
Land
Avg/Median Price$811,855 / $587,436Range$410,789 – $1,749,461Price per Sq Ft—Sq Ft—DOM113 / 87New9Total297
Multi-Family
Avg/Median Price$789,865 / $741,164Range$599,880 – $1,185,279Price per Sq Ft$466 / $345Sq Ft1,888 / 1,602DOM102 / 75New4Total142
Single Family
Avg/Median Price$718,239 / $600,386Range$261,069 – $2,467,363Price per Sq Ft$327 / $315Sq Ft2,077 / 1,901DOM68 / 45New428Total4,735
Townhouse
Avg/Median Price$403,583 / $379,032Range$230,274 – $730,472Price per Sq Ft$265 / $262Sq Ft1,472 / 1,380DOM84 / 64New76Total1,042
Manufactured
Avg/Median Price$116,943 / $98,686Range$67,600 – $208,543Price per Sq Ft$103 / $87Sq Ft1,070 / 1,024DOM100 / 84New9Total299
Sales by Bedroom Count
1 Beds
Avg:$239,590Median:$218,003Range:$174,732 – $368,385PSF:$272 / $257Sq Ft:789 / 748DOM:87 / 69New:12Total:316
2 Beds
Avg:$322,518Median:$312,907Range:$149,658 – $676,206PSF:$268 / $266Sq Ft:1,173 / 1,133DOM:88 / 72New:82Total:1,554
3 Beds
Avg:$541,114Median:$493,924Range:$199,290 – $1,528,071PSF:$308 / $302Sq Ft:1,704 / 1,638DOM:69 / 46New:254Total:2,641
4 Beds
Avg:$788,708Median:$716,211Range:$387,530 – $1,967,859PSF:$324 / $311Sq Ft:2,321 / 2,185DOM:70 / 48New:149Total:1,814
5 Beds
Avg:$966,902Median:$832,428Range:$490,187 – $1,893,366PSF:$317 / $298Sq Ft:2,873 / 2,641DOM:76 / 57New:50Total:515
7 Beds
Avg:$1,403,957Median:$1,450,337Range:$1,210,649 – $1,533,149PSF:$326 / $312Sq Ft:4,526 / 4,325DOM:70 / 63New:2Total:22
6 Beds
Avg:$1,509,636Median:$1,306,595Range:$1,040,895 – $2,157,046PSF:$345 / $327Sq Ft:3,899 / 3,704DOM:91 / 64New:6Total:113
8 Beds
Avg:$1,095,141Median:$1,026,490Range:$993,084 – $1,216,988PSF:$465 / $449Sq Ft:3,351 / 3,236DOM:89 / 75New:2Total:38
Studio
Avg:$153,155Median:$142,080Range:$141,380 – $166,379PSF:$206 / $195Sq Ft:790 / 717DOM:191 / 170New:0Total:9
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $239,590 | $218,003 | $174,732 – $368,385 | $272 / $257 | 789 / 748 | 87 / 69 | 12 | 316 |
| 2 Beds | $322,518 | $312,907 | $149,658 – $676,206 | $268 / $266 | 1,173 / 1,133 | 88 / 72 | 82 | 1,554 |
| 3 Beds | $541,114 | $493,924 | $199,290 – $1,528,071 | $308 / $302 | 1,704 / 1,638 | 69 / 46 | 254 | 2,641 |
| 4 Beds | $788,708 | $716,211 | $387,530 – $1,967,859 | $324 / $311 | 2,321 / 2,185 | 70 / 48 | 149 | 1,814 |
| 5 Beds | $966,902 | $832,428 | $490,187 – $1,893,366 | $317 / $298 | 2,873 / 2,641 | 76 / 57 | 50 | 515 |
| 7 Beds | $1,403,957 | $1,450,337 | $1,210,649 – $1,533,149 | $326 / $312 | 4,526 / 4,325 | 70 / 63 | 2 | 22 |
| 6 Beds | $1,509,636 | $1,306,595 | $1,040,895 – $2,157,046 | $345 / $327 | 3,899 / 3,704 | 91 / 64 | 6 | 113 |
| 8 Beds | $1,095,141 | $1,026,490 | $993,084 – $1,216,988 | $465 / $449 | 3,351 / 3,236 | 89 / 75 | 2 | 38 |
| Studio | $153,155 | $142,080 | $141,380 – $166,379 | $206 / $195 | 790 / 717 | 191 / 170 | 0 | 9 |
Rental Market Overview
Median Rent
$1,667
+0.6%
Median DOM
14
+17.9%
New Listings
1,957
Inventory
9,351
−11.7%
- Average Rent: $1,865
- Median Rent: $1,667
- Rent Range: $865 – $6,421
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,181 / 1,059
- Square Footage Range: 413 – 4,195
- Days on Market (Avg/Median): 42 / 14
- Days on Market Range: 1 – 336
- New Listings: 1,957
- Total Listings: 9,351
Rentals by Property Type
Apartment
$1,432
Median DOM: 9
Inventory: 6,216
MoM: +0.6%
Condo
$1,597
Median DOM: 79
Inventory: 162
MoM: +0.6%
Single Family
$2,339
Median DOM: 35
Inventory: 2,262
MoM: +0.6%
Townhouse
$1,873
Median DOM: 33
Inventory: 676
MoM: +0.6%
Apartment
Avg/Median Rent$1,522 / $1,432Range$892 – $4,068Rent per Sq Ft$2 / $2Sq Ft878 / 838DOM37 / 9New1,662Total6,216
Condo
Avg/Median Rent$1,663 / $1,597Range$1,321 – $2,103Rent per Sq Ft$2 / $2Sq Ft980 / 920DOM90 / 79New11Total162
Multi-Family
Avg/Median Rent$1,300 / $1,226Range$1,182 – $1,406Rent per Sq Ft$2 / $2Sq Ft810 / 767DOM100 / 95New0Total15
Single Family
Avg/Median Rent$2,548 / $2,339Range$1,165 – $6,096Rent per Sq Ft$2 / $2Sq Ft1,684 / 1,581DOM54 / 35New212Total2,262
Townhouse
Avg/Median Rent$1,975 / $1,873Range$1,320 – $3,199Rent per Sq Ft$2 / $2Sq Ft1,259 / 1,177DOM54 / 33New72Total676
Manufactured
Avg/Median Rent$1,493 / $1,445Range$1,414 – $1,617Rent per Sq Ft$2 / $2Sq Ft880 / 872DOM113 / 80New0Total20
Rentals by Bedroom Count
Studio
Avg:$1,060Median:$992Range:$821 – $1,521PSF:$2 / $2Sq Ft:496 / 454DOM:65 / 40New:126Total:617
1 Beds
Avg:$1,328Median:$1,290Range:$868 – $2,376PSF:$2 / $2Sq Ft:726 / 701DOM:36 / 9New:758Total:2,939
2 Beds
Avg:$1,766Median:$1,655Range:$1,106 – $3,571PSF:$2 / $2Sq Ft:1,057 / 1,022DOM:44 / 15New:781Total:3,265
3 Beds
Avg:$2,404Median:$2,248Range:$1,465 – $4,926PSF:$2 / $2Sq Ft:1,531 / 1,438DOM:47 / 24New:210Total:1,714
4 Beds
Avg:$3,076Median:$2,700Range:$1,927 – $5,647PSF:$1 / $1Sq Ft:2,061 / 1,946DOM:56 / 35New:74Total:688
5 Beds
Avg:$3,797Median:$3,541Range:$3,179 – $4,670PSF:$1 / $1Sq Ft:2,734 / 2,560DOM:41 / 30New:6Total:111
6 Beds
Avg:$4,449Median:$4,447Range:$4,447 – $4,454PSF:$1 / $1Sq Ft:3,185 / 3,187DOM:59 / 57New:2Total:12
8 Beds
Avg:$4,125Median:$4,125Range:$4,125 – $4,125PSF:$1 / $1Sq Ft:3,395 / 3,395DOM:28 / 28New:0Total:2
7 Beds
Avg:$4,150Median:$4,150Range:$4,150 – $4,150PSF:$2 / $2Sq Ft:2,510 / 2,510DOM:132 / 132New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,060 | $992 | $821 – $1,521 | $2 / $2 | 496 / 454 | 65 / 40 | 126 | 617 |
| 1 Beds | $1,328 | $1,290 | $868 – $2,376 | $2 / $2 | 726 / 701 | 36 / 9 | 758 | 2,939 |
| 2 Beds | $1,766 | $1,655 | $1,106 – $3,571 | $2 / $2 | 1,057 / 1,022 | 44 / 15 | 781 | 3,265 |
| 3 Beds | $2,404 | $2,248 | $1,465 – $4,926 | $2 / $2 | 1,531 / 1,438 | 47 / 24 | 210 | 1,714 |
| 4 Beds | $3,076 | $2,700 | $1,927 – $5,647 | $1 / $1 | 2,061 / 1,946 | 56 / 35 | 74 | 688 |
| 5 Beds | $3,797 | $3,541 | $3,179 – $4,670 | $1 / $1 | 2,734 / 2,560 | 41 / 30 | 6 | 111 |
| 6 Beds | $4,449 | $4,447 | $4,447 – $4,454 | $1 / $1 | 3,185 / 3,187 | 59 / 57 | 2 | 12 |
| 8 Beds | $4,125 | $4,125 | $4,125 – $4,125 | $1 / $1 | 3,395 / 3,395 | 28 / 28 | 0 | 2 |
| 7 Beds | $4,150 | $4,150 | $4,150 – $4,150 | $2 / $2 | 2,510 / 2,510 | 132 / 132 | 0 | 3 |
6-Month Sales Trend
Mar 2026
Median Price:$490,687Median DOM:35New:1,984Total:8,028
Apr 2026
Median Price:$486,970Median DOM:34New:1,912Total:7,925
May 2026
Median Price:$481,714Median DOM:39New:1,829Total:7,868
Jun 2026
Median Price:$485,197Median DOM:44New:1,679Total:7,612
Jul 2026
Median Price:$482,266Median DOM:51New:1,559Total:7,348
Aug 2026
Median Price:$479,204Median DOM:53New:566Total:7,319
6-Month Rental Trend
Mar 2026
Median Rent:$1,643Median DOM:9New:7,646Total:13,874
Apr 2026
Median Rent:$1,636Median DOM:7New:7,322Total:14,270
May 2026
Median Rent:$1,636Median DOM:7New:7,058Total:13,968
Jun 2026
Median Rent:$1,637Median DOM:7New:5,240Total:13,071
Jul 2026
Median Rent:$1,657Median DOM:12New:3,371Total:10,592
Aug 2026
Median Rent:$1,667Median DOM:14New:1,957Total:9,351
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
ZIP Code Reports
Detailed reports for ZIP codes in Phoenix Metro.