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·Phoenix Metro
AZ

Phoenix Metro

Phoenix Metro Market Report

Top 10 ZIPs by size — 7.32% mortgage rate — Updated 10/27/2026

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Listings Flow Ladder — Phoenix

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 1,783 listings/mo
balanced 4–6 mo4.6 mo
Faucet — new listings
7,600/mo
86% of normal (8,850) · trickle
Basin — active listings
26,772
126% of normal (21,246) · balanced
Months of supply
4.6 mo
derived — not published at this grain
Drain — closed sales
5,816/mo
72% of normal (8,046)
Net — faucet minus drain
+1,783/mo
filling
Reading
current
as of 2026-09-30
Compare against:
2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

  • 43%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
  • 28%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 24 months — two different numbers, deliberately not merged.

  • 1,588/mofall in the monthly rate (21%)— peak 7,405/mo (2026-05-31) to 5,816/mo now
  • 47,246transactions that did not happen— summed monthly shortfall vs the same-month normal, over 24 months below it (vs 2015-19 (COVID excluded))
  • rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.
2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Source window 3 months (flows shown per month). Aggregated over a fixed panel of 151 zips — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Verified county coverage:Maricopa County, AZ

Tracked ZIPs
10
Avg Score
49
Avg Median
$559,558
Market
Buyer's
Avg Composite
49/100
Avg Median Price
$559,558
Avg Rent
$1,993/mo
Avg Burden
34%of income

New Listings Trend

Monthly new for-sale listings · Redfin + Realtor.com · Phoenix, AZ

as of Sep 1, 2026
↓ 2.8% YoY
Long-run avgAug 24Nov 24Feb 25May 25Aug 25Nov 25Feb 26May 26Aug 2608k15k23k30k

Buyer Leverage — Should I Buy in Phoenix?

49
Avg Buyer Score
172 ZIPs analyzed
Strong Buyer
16
Moderate
26
Balanced
62
Seller Favored
67
Strong Seller
1
Best for Buyers
Most Competitive
85083Phoenix17
85379Surprise24
85050Phoenix27
85226Chandler27
85296Gilbert27

BALANCED — Phoenix roughly fair, negotiate on a per-ZIP basis

85383
Peoria, maricopa county
57
Median Price
$636,043
YoY
+0.1%
Payment Burden
30.2%
Buy vs Rent
Rent
Days on Market
73
Supply
4.9 mo
Rent
$2,343
Val. Gap
-27.1%
85326
Buckeye, maricopa county
52
Median Price
$366,948
YoY
-2.1%
Payment Burden
26.5%
Buy vs Rent
Neutral
Days on Market
78
Supply
3.9 mo
Rent
$1,924
Val. Gap
-84.5%
85338
Goodyear, maricopa county
55
Median Price
$432,143
YoY
-1.5%
Payment Burden
28.7%
Buy vs Rent
Rent
Days on Market
71
Supply
4.3 mo
Rent
$1,688
Val. Gap
-5.2%
85142
Queen Creek, maricopa county
47
Median Price
$586,082
YoY
-0.2%
Payment Burden
30.9%
Buy vs Rent
Rent
Days on Market
84
Supply
5 mo
Rent
$2,206
Val. Gap
-44.3%
85255
Scottsdale, maricopa county
33
Median Price
$1,310,046
YoY
+3.8%
Payment Burden
60.2%
Buy vs Rent
Rent
Days on Market
76
Supply
5.2 mo
Rent
$2,409
Val. Gap
-89.8%
85396
Buckeye, maricopa county
66
Median Price
$458,422
YoY
-0.5%
Payment Burden
26.5%
Buy vs Rent
Neutral
Days on Market
86
Supply
5.8 mo
Rent
$2,129
Val. Gap
-3.3%
85308
Glendale, maricopa county
50
Median Price
$467,433
YoY
-0.7%
Payment Burden
32.3%
Buy vs Rent
Rent
Days on Market
53
Supply
3.3 mo
Rent
$1,707
Val. Gap
-21.2%
85225
Chandler, maricopa county
43
Median Price
$438,217
YoY
-2.0%
Payment Burden
33.6%
Buy vs Rent
Rent
Days on Market
46
Supply
3.5 mo
Rent
$1,754
Val. Gap
-22.7%
85387
Surprise, maricopa county
44
Median Price
$451,098
YoY
-1.8%
Payment Burden
31.2%
Buy vs Rent
Neutral
Days on Market
91
Supply
4.2 mo
Rent
$2,177
Val. Gap
-66%
85032
Phoenix, maricopa county
42
Median Price
$449,147
YoY
+1.1%
Payment Burden
39.8%
Buy vs Rent
Rent
Days on Market
58
Supply
3.9 mo
Rent
$1,597
Val. Gap
+21.9%

Median price and 12-month change: Zillow Home Value Index (ZHVI); where a ZIP has no ZHVI value, the county assessor average. Days on market: Redfin Data Center, rolling 90 days; months of supply: Redfin Data Center. Rent: Zillow Observed Rent Index (ZORI); where a ZIP has no ZORI value, the Census ACS county rent.

Every ZIP market page in Phoenix Metro (132)

Maricopa County, AZ