The Phoenix housing market in October has weakened compared to last year with the median home price around $499,000 — down 3.1% from last year. Homes for sale in Phoenix* now spend an average of 70 days on the market, and nearly 49% sell below asking price, giving buyers more negotiating power.
Just a few of the 738,955 Veterans we've helped get into homes.
6,366 Veterans in the Phoenix-Mesa-Chandler, AZ area alone!
Based on Veterans United and Veterans United Realty's internal data.
Alex S. | U.S. Air Force
Brad S. | U.S. Army
Donad B. | U.S. Marine Corps
Jonathan M. | U.S. Marine Corps
Marquella T. | U.S. Air Force
Maylynn P. | U.S. Army
Jeffrey R. | U.S. Army
Phoenix Metro Housing Market in September 2025
Median Days on Market
70 days
Homes are staying on the market 0.72% longer than last month.
Average Listing Price
$765,555
Average home prices are down 3.67% since last month.
Active Listings
16,828 homes
Number of houses on the market are down 7.32% since last month.
Homes in the Phoenix region sell at a moderate pace.
49% of listings reduced price last month.
6,068
New listings
Up 4.4% from last month
16,828
Active listings
Down 7.3% from last month
VA Loan Market Share
9.8% of originations last year were VA loans.
9,173
Sold last year
1/10
Were VA loans
Phoenix Area
Own vs Rent Trends
A higher share of owner-occupied homes often reflects stronger long-term ties to the community, since homeowners are more likely to stay in one place and invest in their neighborhoods. By contrast, areas with a larger renter population may be more transient, offering flexibility but sometimes less stability in housing markets.
It could also be an indication of market health, as affordable markets often have higher owner-occupancy rates.
The home listing price-to-income ratio in the Phoenix area is 5.8
The ratio compares how expensive homes are in Phoenix relative to household income. A higher ratio means homes cost more compared to what people earn.
A healthy price-to-income ratio is generally around 3 times your household's annual income (or less), but higher ratios can be sustainable depending on your rate, DTI, and more.
Median Home Prices by Neighborhood in the Phoenix Region
This section breaks down median home prices by neighborhood. Use these insights to see where housing costs trend higher or lower, and to better understand the market at the zip code level.
The Phoenix metro median income is $85,700.
Explore Phoenix Area Neighborhoods
See how median home prices in individual Phoenix neighborhoods compare to the overall metro median.
View this chart to learn about the median listing price and the number of active listings in Phoenix over time.
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Listing Price
$482,450
$486,031
$498,013
$499,900
$499,950
$525,000
$549,250
$547,500
$525,000
$499,950
$493,500
$485,000
$477,000
$474,500
$478,395
$487,000
$499,250
$518,850
$529,450
$539,945
$539,900
$537,900
$532,000
$529,759
$522,450
$526,725
$535,000
$539,995
$534,990
$537,000
$545,000
$539,900
$528,450
$515,000
$519,850
$519,950
$515,000
$499,995
$512,450
$515,000
$520,000
$525,000
$525,000
$520,000
$505,000
$499,000
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Active Listings
6,302
5,619
4,688
4,096
4,077
4,638
7,169
10,285
14,344
16,417
16,779
17,819
17,392
14,922
13,618
12,500
11,471
10,164
9,166
8,599
8,232
8,700
9,317
10,798
12,000
11,355
11,429
11,947
13,407
14,984
16,526
13,445
13,245
13,073
13,867
15,298
16,057
15,080
15,864
17,387
18,701
19,981
20,345
19,377
18,157
16,828
Median Days on Market
Days on Market
This chart shows the median days on market for active listings over time. In other words: how quickly homes move in the market. A declining rate means rising competition among buyers, while an increase means listings are sitting longer.
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Median Days on Market
33
36
38
28
29
25
22
24
31
38
47
51
58
70
75
62
51
51
45
44
45
45
39
37
40
53
60
45
49
55
61
50
51
57
56
50
54
66
67
56
51
52
58
65
70
70
Market Hotness Score
Market Hotness
Based on Realtor.com's Market Hotness Index, this measure reflects how competitive the housing market is by comparing buyer demand with available inventory. Rising hotness scores point to more competition, while declining scores signal cooling conditions.
Month
Nov 2021
Dec 2021
Jan 2022
Feb 2022
Mar 2022
Apr 2022
May 2022
Jun 2022
Jul 2022
Aug 2022
Sep 2022
Oct 2022
Nov 2022
Dec 2022
Jan 2023
Feb 2023
Mar 2023
Apr 2023
May 2023
Jun 2023
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Nov 2023
Dec 2023
Jan 2024
Feb 2024
Mar 2024
Apr 2024
May 2024
Jun 2024
Jul 2024
Aug 2024
Sep 2024
Oct 2024
Nov 2024
Dec 2024
Jan 2025
Feb 2025
Mar 2025
Apr 2025
May 2025
Jun 2025
Jul 2025
Aug 2025
Hotness Score
56.187291
60.869565
62.541806
53.177258
42.307692
43.812709
45.317726
44.481605
36.287625
34.615385
24.080268
20.401338
19.397993
18.227425
26.086957
33.110368
29.93311
24.414716
26.254181
26.923077
26.588629
26.254181
43.812709
51.337793
52.675585
47.658863
46.655518
50.334448
27.424749
13.377926
7.525084
5.518395
17.725753
20.735786
25.083612
38.294314
37.458194
34.949833
42.474916
41.137124
29.431438
20.568562
15.217391
12.876254
12.876254
15.384615
Pending Homes-for-Sale %
Percentage of Homes Sold per Month
This chart shows the percentage of homes that sold each month, highlighting buyer demand and long-term market trends. In most markets, around 20% of listings selling each month is considered balanced. Higher percentages point to a strong sellers' market, while lower percentages indicate more favorable conditions for buyers.
Largest overall VA lender (purchase and refinance) for six of the last nine years.
More VA purchase loans than any other lender for the past nine consecutive years
Over the last five years, Veterans United made more VA purchase loans than USAA, Navy Federal Credit Union, Rocket Mortgage, Wells Fargo and Freedom Mortgage combined.
For VA buyers in Arizona, preparation is everything. Know your budget, get pre-approved and work with a team that understands your benefits. One of my VA buyers started with online research and wasn't sure homeownership was even possible. After discussing renting vs buying, they closed on their forever home in just 45 days.
Twila L.Veterans United Network Realty Agent
Even with 0% down, VA buyers should plan for some out-of-pocket costs like inspections and appraisals. In Phoenix, clear communication and a strong offer can help VA buyers compete. Areas like Surprise, Goodyear and North Peoria are popular for their newer homes, affordability and space to spread out.
Neil B.Veterans United Network Realty Agent
1-800-985-5723 | 1512 Heriford Road, Columbia, MO 65202. Not affiliated with any government agency including the VA. Missouri Licensed Real Estate Brokerage; for license information, visit VeteransUnitedRealty.com. Equal Housing Opportunity.
Start Your VA Loan With Veterans United
Not sure where to begin? Whether you're stationed nearby or planning to move near Phoenix, we’ll help you understand what to expect.
Made everything easy and very pleasant to work with.
Kenneth W. | Marine Corps
Verified Customer
This team of Nicole’s was amazing! They were all very eager to assist me in my first ever home purchase. I am very thankful for the entire teams eagerness to help and be part of the process. Thanks for making me feel like a hero!!!
Erik T. | Army
Verified Customer
As a first time home buyer, I went through a rollercoaster of emotions throughout this process. Lance Hopper and his team went out of their way to make sure I knew what to expect through the process. I even had a family emergency during this process that put things on pause. The first thing that Lan...
Jonathan M. | Marine Corps
Verified Customer
My wife and I are very please with the services we received from Veterans United, especially Mr. Clint Hamilton who have been very patient, very helpful in every way possible, He never missed to return my phone calls, text messages and he kept me updated on things that i needed to know in regards t...
Bryant D. | Navy
Verified Customer
Yes, I really appreciated Veterans United promptness in responding to any questions I had. Again, the entire home buying process was a breeze! Great job guys!
Gary B. | Air Force
Verified Customer
Our experience with the veteran United team was perfect. Anytime we had questions. They were answered exponentially and the staff was always polite. We did not have a single bad experience.
Jerome D. | Army
Verified Customer
Our experience with Veterans United was perfect! Derek, and Nate and their teams were very helpful, easy to talk to and just overall pleasure to work with. They made our home buying experience a painless and enjoyable! Thank you so much to Veterans United and their team of experts in the home buyin...
Marquella T. | Air Force
Verified Customer
Absolutely the lender that I have ever worked with.
Michael W. | Navy
Verified Customer
Process was very smooth.
I was recommended to Vets United by my daughter.
Steve S. | Navy
Verified Customer
Great service and worked with us throughout every step of the way explaining everything down to the last detail we asked for. Very knowledgeable and very professional. The app works amazingly as well!
Thomas V. | Navy
Verified Customer
Thank you from the bottom of our hearts for all of your help to get the loan and for assisting us with all of the papers. It has been a pleasure to work with all of you! You will always be our go-to and we have already started to spread the word about your amazing team! Thank you all again for the g...
Maylynn P. | Army
Verified Customer
The process was very easy and stress-free.
Ian K. | Army
Verified Customer
Everything was quick, simple, and the entire team Steve, Jordan, and Nickki were knowledgable, always available, and in general awesome.
*Unless stated otherwise, data for the metro refers to the CBSA ("Core-Based Statistical Area"), the defined geography that makes up the surrounding metropolitan and micropolitan areas.
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