Phoenix Real Estate Market Trends
Market Overview for Quarter 1, 2026
Median Sale Price
-2.3% YoY
Median Price/Sqft
-3.9% YoY
No. of Transactions
-17.1% YoY
County Median Sale Price
-3.1% YoY
In Q1, the median home sale price in Phoenix was $425K, a change of -2.3% year-over-year. There were a total of 2762 transactions, down -17.1% compared to the same period last year. In Q1, the median price per square foot was $273, a change of -3.9% year-over-year. The median home sale price in Maricopa County was $470K.
Sales information for last quarter cannot be displayed due to insufficient recorded transactions. The available data does not meet the minimum threshold required for reliable and accurate data representation.
Top Cities in Maricopa County
| Ranking | City | Median Sale Price |
|---|---|---|
| 1 | Paradise Valley | $3,837,500 |
| 2 | Carefree | $1,005,000 |
| 3 | Scottsdale | $970,000 |
| 4 | Rio Verde | $860,000 |
| 5 | Cave Creek | $805,000 |
| 6 | Fountain Hills | $670,000 |
| 7 | New River | $655,000 |
| 8 | Waddell | $631,000 |
| 9 | Wittmann | $583,750 |
| 10 | Gilbert | $567,500 |
| 11 | Litchfield Park | $527,150 |
| 12 | Chandler | $515,000 |
| 13 | Tempe | $507,338 |
| 14 | Goodyear | $480,950 |
| 15 | Peoria | $470,000 |
| 16 | Mesa | $439,000 |
| 17 | Wickenburg | $437,500 |
| 18 | Phoenix | $425,000 |
| 19 | Surprise | $415,000 |
| 20 | Glendale | $415,000 |
| 21 | Avondale | $399,000 |
| 22 | Buckeye | $388,250 |
| 23 | Tolleson | $377,500 |
| 24 | Sun City West | $350,000 |
| 25 | Youngtown | $348,000 |
| 26 | El Mirage | $340,000 |
| 27 | Sun City | $265,000 |
Residential Property Types Sold in Phoenix
| Property Type | Median Sale Price | Y-o-Y Change | Median Sale Price/Sq. Ft | Y-o-Y Change | Transactions |
|---|---|---|---|---|---|
| Condo | $298K | -3.9% | $263 | -2.2% | 421 |
| House | $450K | -4.3% | $274 | -4.5% | 2,341 |
The median sale price for houses in Phoenix in Q1 was $450K, showing no significant change year-over-year. Phoenix condos also showed static pricing trends year-over-year, coming in at $298K in Q1.
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