Phoenix Metro Housing Market Report
Report period: July 2026
Phoenix Metro Housing Market Report – July 2026
Phoenix Metro · Last updated Jul 11, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$520,356
+7.2%
Median DOM (Sales)
49
+15.6%
New Listings (Sales)
315
−75.0%
Median Rent
$1,698
+3.5%
Median DOM (Rental)
10
+46.0%
Total Rental Listings
7,298
−46.1%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (37 DOM)
- Fastest renting: Apartment (19 DOM)
- Strongest bedroom: 7 Beds ($1,705,400 median)
Sales Market Overview
Median Price
$486,374
+7.2%
Median DOM
44
+15.6%
New Listings
572
−75.0%
Inventory
7,643
−44.7%
- Average Price: $579,622
- Median Price: $486,374
- Price Range: $101,200 – $3,288,956
- Price per Sq Ft (Avg/Median): $300 / $292
- Square Footage (Avg/Median): 1,808 / 1,660
- Square Footage Range: 665 – 5,033
- Days on Market (Avg/Median): 73 / 44
- Days on Market Range: 2 – 337
- New Listings: 572
- Total Listings: 7,643
Sales by Property Type
Condo
Avg/Median Price$293,603 / $267,659Range$191,608 – $632,151Price per Sq Ft$262 / $253Sq Ft1,076 / 1,061DOM96 / 77New42Total847
Land
Avg/Median Price$812,971 / $565,309Range$396,657 – $1,837,195Price per Sq Ft—Sq Ft—DOM106 / 87New19Total306
Multi-Family
Avg/Median Price$844,997 / $737,333Range$605,012 – $1,543,790Price per Sq Ft$452 / $359Sq Ft1,931 / 1,773DOM89 / 59New8Total127
Single Family
Avg/Median Price$725,004 / $614,801Range$262,864 – $2,504,561Price per Sq Ft$327 / $318Sq Ft2,086 / 1,913DOM62 / 37New421Total4,948
Townhouse
Avg/Median Price$392,395 / $375,773Range$233,933 – $683,870Price per Sq Ft$265 / $260Sq Ft1,456 / 1,398DOM78 / 57New74Total1,087
Manufactured
Avg/Median Price$122,436 / $110,217Range$72,045 – $212,970Price per Sq Ft$109 / $95Sq Ft1,047 / 1,023DOM84 / 69New8Total328
Sales by Bedroom Count
1 Beds
Avg:$249,366Median:$215,981Range:$170,361 – $380,341PSF:$299 / $280Sq Ft:818 / 772DOM:96 / 76New:20Total:334
2 Beds
Avg:$325,022Median:$313,054Range:$153,252 – $671,786PSF:$268 / $262Sq Ft:1,178 / 1,127DOM:85 / 62New:81Total:1,659
3 Beds
Avg:$545,358Median:$498,279Range:$201,523 – $1,608,812PSF:$310 / $302Sq Ft:1,702 / 1,637DOM:65 / 42New:225Total:2,672
4 Beds
Avg:$770,807Median:$702,962Range:$364,291 – $1,966,325PSF:$321 / $314Sq Ft:2,283 / 2,194DOM:62 / 40New:178Total:1,934
5 Beds
Avg:$1,007,742Median:$836,916Range:$516,141 – $2,026,320PSF:$326 / $306Sq Ft:2,916 / 2,698DOM:67 / 47New:43Total:575
7 Beds
Avg:$1,776,231Median:$1,705,400Range:$1,677,900 – $1,895,890PSF:$450 / $406Sq Ft:4,452 / 3,938DOM:84 / 71New:2Total:20
6 Beds
Avg:$1,477,143Median:$1,278,170Range:$958,785 – $2,074,307PSF:$336 / $319Sq Ft:3,797 / 3,619DOM:93 / 68New:2Total:109
8 Beds
Avg:$1,356,998Median:$1,066,570Range:$1,038,640 – $1,915,831PSF:$546 / $525Sq Ft:3,588 / 3,435DOM:114 / 100New:2Total:26
Studio
Avg:$155,280Median:$145,780Range:$143,180 – $167,379PSF:$209 / $199Sq Ft:793 / 732DOM:165 / 159New:0Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $249,366 | $215,981 | $170,361 – $380,341 | $299 / $280 | 818 / 772 | 96 / 76 | 20 | 334 |
| 2 Beds | $325,022 | $313,054 | $153,252 – $671,786 | $268 / $262 | 1,178 / 1,127 | 85 / 62 | 81 | 1,659 |
| 3 Beds | $545,358 | $498,279 | $201,523 – $1,608,812 | $310 / $302 | 1,702 / 1,637 | 65 / 42 | 225 | 2,672 |
| 4 Beds | $770,807 | $702,962 | $364,291 – $1,966,325 | $321 / $314 | 2,283 / 2,194 | 62 / 40 | 178 | 1,934 |
| 5 Beds | $1,007,742 | $836,916 | $516,141 – $2,026,320 | $326 / $306 | 2,916 / 2,698 | 67 / 47 | 43 | 575 |
| 7 Beds | $1,776,231 | $1,705,400 | $1,677,900 – $1,895,890 | $450 / $406 | 4,452 / 3,938 | 84 / 71 | 2 | 20 |
| 6 Beds | $1,477,143 | $1,278,170 | $958,785 – $2,074,307 | $336 / $319 | 3,797 / 3,619 | 93 / 68 | 2 | 109 |
| 8 Beds | $1,356,998 | $1,066,570 | $1,038,640 – $1,915,831 | $546 / $525 | 3,588 / 3,435 | 114 / 100 | 2 | 26 |
| Studio | $155,280 | $145,780 | $143,180 – $167,379 | $209 / $199 | 793 / 732 | 165 / 159 | 0 | 8 |
Rental Market Overview
Median Rent
$1,641
+3.5%
Median DOM
8
+46.0%
New Listings
2,157
Inventory
13,170
−46.1%
- Average Rent: $1,821
- Median Rent: $1,641
- Rent Range: $811 – $6,574
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,138 / 1,030
- Square Footage Range: 395 – 4,197
- Days on Market (Avg/Median): 31 / 8
- Days on Market Range: 1 – 321
- New Listings: 2,157
- Total Listings: 13,170
Rentals by Property Type
Apartment
$1,437
Median DOM: 19
Inventory: 9,671
MoM: +3.5%
Condo
$1,423
Median DOM: 22
Inventory: 194
MoM: +3.5%
Single Family
$2,321
Median DOM: 25
Inventory: 2,575
MoM: +3.5%
Townhouse
$1,905
Median DOM: 30
Inventory: 694
MoM: +3.5%
Apartment
Avg/Median Rent$1,537 / $1,437Range$866 – $4,387Rent per Sq Ft$2 / $2Sq Ft872 / 826DOM37 / 19New1,684Total9,671
Condo
Avg/Median Rent$1,550 / $1,423Range$1,133 – $2,139Rent per Sq Ft$2 / $2Sq Ft931 / 866DOM43 / 22New18Total194
Multi-Family
Avg/Median Rent$1,456 / $1,282Range$1,233 – $1,671Rent per Sq Ft$2 / $2Sq Ft883 / 812DOM46 / 38New0Total14
Single Family
Avg/Median Rent$2,531 / $2,321Range$1,089 – $6,270Rent per Sq Ft$2 / $2Sq Ft1,664 / 1,569DOM43 / 25New375Total2,575
Townhouse
Avg/Median Rent$2,009 / $1,905Range$1,355 – $3,289Rent per Sq Ft$2 / $2Sq Ft1,258 / 1,186DOM51 / 30New78Total694
Manufactured
Avg/Median Rent$1,475 / $1,462Range$1,262 – $1,676Rent per Sq Ft$2 / $2Sq Ft873 / 885DOM118 / 102New2Total22
Rentals by Bedroom Count
Studio
Avg:$1,106Median:$1,059Range:$860 – $1,617PSF:$2 / $2Sq Ft:555 / 514DOM:42 / 22New:135Total:946
1 Beds
Avg:$1,322Median:$1,292Range:$847 – $2,411PSF:$2 / $2Sq Ft:727 / 701DOM:30 / 7New:750Total:4,415
2 Beds
Avg:$1,738Median:$1,646Range:$1,094 – $3,616PSF:$2 / $2Sq Ft:1,037 / 1,020DOM:37 / 13New:851Total:4,834
3 Beds
Avg:$2,411Median:$2,275Range:$1,465 – $5,225PSF:$2 / $2Sq Ft:1,522 / 1,444DOM:36 / 14New:296Total:2,107
4 Beds
Avg:$3,120Median:$2,792Range:$1,907 – $5,548PSF:$2 / $1Sq Ft:2,082 / 1,959DOM:47 / 26New:101Total:728
5 Beds
Avg:$4,007Median:$3,692Range:$3,438 – $4,815PSF:$1 / $1Sq Ft:2,880 / 2,653DOM:32 / 20New:22Total:122
6 Beds
Avg:$4,982Median:$4,980Range:$4,980 – $4,987PSF:$1 / $1Sq Ft:3,220 / 3,221DOM:57 / 55New:2Total:13
8 Beds
Avg:$4,125Median:$4,125Range:$4,125 – $4,125PSF:$1 / $1Sq Ft:3,395 / 3,395DOM:79 / 79New:0Total:2
7 Beds
Avg:$4,648Median:$4,648Range:$4,648 – $4,648PSF:$2 / $2Sq Ft:2,712 / 2,712DOM:137 / 137New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,106 | $1,059 | $860 – $1,617 | $2 / $2 | 555 / 514 | 42 / 22 | 135 | 946 |
| 1 Beds | $1,322 | $1,292 | $847 – $2,411 | $2 / $2 | 727 / 701 | 30 / 7 | 750 | 4,415 |
| 2 Beds | $1,738 | $1,646 | $1,094 – $3,616 | $2 / $2 | 1,037 / 1,020 | 37 / 13 | 851 | 4,834 |
| 3 Beds | $2,411 | $2,275 | $1,465 – $5,225 | $2 / $2 | 1,522 / 1,444 | 36 / 14 | 296 | 2,107 |
| 4 Beds | $3,120 | $2,792 | $1,907 – $5,548 | $2 / $1 | 2,082 / 1,959 | 47 / 26 | 101 | 728 |
| 5 Beds | $4,007 | $3,692 | $3,438 – $4,815 | $1 / $1 | 2,880 / 2,653 | 32 / 20 | 22 | 122 |
| 6 Beds | $4,982 | $4,980 | $4,980 – $4,987 | $1 / $1 | 3,220 / 3,221 | 57 / 55 | 2 | 13 |
| 8 Beds | $4,125 | $4,125 | $4,125 – $4,125 | $1 / $1 | 3,395 / 3,395 | 79 / 79 | 0 | 2 |
| 7 Beds | $4,648 | $4,648 | $4,648 – $4,648 | $2 / $2 | 2,712 / 2,712 | 137 / 137 | 0 | 3 |
6-Month Sales Trend
Jan 2026
Median Price:$427,782Median DOM:51New:779Total:3,145
Feb 2026
Median Price:$485,848Median DOM:34New:1,787Total:7,397
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:$485,403Median DOM:43New:1,259Total:7,689
Jul 2026
Median Price:$520,356Median DOM:49New:315Total:4,255
6-Month Rental Trend
Jan 2026
Median Rent:$1,640Median DOM:43New:654Total:2,621
Feb 2026
Median Rent:$1,668Median DOM:15New:6,263Total:10,875
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:$1,640Median DOM:7New:4,383Total:13,529
Jul 2026
Median Rent:$1,698Median DOM:10New:984Total:7,298
Key Market Takeaways
Median sale prices moved higher 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.
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