Phoenix, AZ metro area Housing Market Brief
metro · AZ · score computed October 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.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Phoenix, AZ metro area in its market cycle?
Phoenix, AZ metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Phoenix, AZ metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Phoenix, AZ metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $459K | ▼ -1.3% | Redfin |
| Median Days on Market | 65 days | ▼ -4.4% | Redfin |
| Months of Supply | 4.6 | ▲ +7% | Redfin |
| Homes for Sale | 26,399 | ▲ +4.7% | Redfin |
| Homes Sold | 5,601 | ▼ -2.7% | Redfin |
| Median Price / Sq Ft | $255 | ▼ -0.5% | Redfin |
How has Phoenix, AZ metro area’s Alpha Score moved?
Markets like Phoenix, AZ metro area
- Washington, DC metro area, DCmetro17
- Colorado Springs, CO metro area, COmetro35
- Visalia, CA metro area, CAmetro32
- Greeley, CO metro area, COmetro36
- Fort Collins, CO metro area, COmetro31
- Jacksonville, FL metro area, FLmetro42
- Olympia, WA metro area, WAmetro33
- Cookeville, TN metro area, TNmetro51
- Medford, OR metro area, ORmetro29
- Kennewick, WA metro area, WAmetro45
Frequently asked questions
Is Phoenix, AZ metro area a buyer's or seller's market?
In the scores computed October 2026, Phoenix, AZ metro area is classified as a Buyer's Market, based on its Alpha Score of 35 out of 100. The classification reflects current price, building, 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 fallen 1.3% over the past year, according to Redfin.
How affordable is Phoenix, AZ metro area?
Phoenix, AZ metro area scores 14 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 Inventory Health (81/100) and its weakest is Price Momentum (11/100). 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.