Phoenix, AZ metro area Housing Market Brief
metro · AZ · as of August 2026
What is Phoenix, AZ metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Phoenix, AZ metro area in its market cycle?
Phoenix, AZ metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Phoenix, AZ metro area?
Our model forecasts Phoenix, AZ metro area’s home prices to hold flat over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Phoenix, AZ metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $459K | ▲ +1.2% |
| Median Days on Market | 67 days | ▼ -4.3% |
| Months of Supply | 4.2 | ▼ -8.7% |
| Homes for Sale | 24,798 | ▼ -3.1% |
| Homes Sold | 5,830 | ▲ +3.8% |
| Median Price / Sq Ft | $254 | ▼ -0.9% |
How has Phoenix, AZ metro area’s Alpha Score moved?
Markets like Phoenix, AZ metro area
- Bloomington, IN metro area, INmetro33
- Tucson, AZ metro area, AZmetro32
- Winchester, VA metro area, VAmetro36
- Grand Junction, CO metro area, COmetro26
- Gainesville, FL metro area, FLmetro34
- The Villages, FL metro area, FLmetro38
- Niles, MI metro area, MImetro36
- Medford, OR metro area, ORmetro35
- Tacoma, WA metro area, WAmetro31
- Madera, CA metro area, CAmetro33
Frequently asked questions
Is Phoenix, AZ metro area a buyer's or seller's market?
As of August 2026, Phoenix, AZ metro area is classified as a Buyer's Market, based on its Alpha Score of 32 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Phoenix, AZ metro area?
The median sale price in Phoenix, AZ metro area is $459K, having risen 1.2% over the past year.
How affordable is Phoenix, AZ metro area?
Phoenix, AZ metro area scores 26 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Phoenix, AZ metro area's Alpha Score?
Phoenix, AZ metro area's strongest dimension is Price Momentum (39/100) and its weakest is Economic Strength (24/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Phoenix, AZ metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.