The Phoenix housing market in July has weakened compared to last year with the median home price around $489,500 — down 5.9% from last year. Homes for sale in Phoenix* now spend an average of 64 days on the market, and nearly 51% sell below asking price, giving buyers more negotiating power.
Just a few of the 817,410 Veterans we've helped get into homes.
6,940 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 July 2026
Median Days on Market
64 days
Homes are staying on the market 6.67% longer than last month.
Average Listing Price
$818,462
Average home prices are down 3.65% since last month.
Active Listings
18,728 homes
Number of houses on the market are down 4.03% since last month.
Homes in the Phoenix region sell at a moderate pace.
51% of listings reduced price last month.
6,868
New listings
Down 7.7% from last month
18,728
Active listings
Down 4% 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 5.7
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
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
Sep 2025
Oct 2025
Nov 2025
Dec 2025
Jan 2026
Feb 2026
Mar 2026
Apr 2026
May 2026
Jun 2026
Listing Price
$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
$499,000
$495,000
$489,000
$482,500
$489,000
$494,998
$496,900
$499,000
$498,000
$489,500
Month
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
Sep 2025
Oct 2025
Nov 2025
Dec 2025
Jan 2026
Feb 2026
Mar 2026
Apr 2026
May 2026
Jun 2026
Active Listings
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
17,070
18,828
18,967
17,442
18,939
19,352
19,889
19,948
19,514
18,728
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
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
Sep 2025
Oct 2025
Nov 2025
Dec 2025
Jan 2026
Feb 2026
Mar 2026
Apr 2026
May 2026
Jun 2026
Median Days on Market
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
65
58
61
70
75
55
54
57
60
64
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
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
Sep 2025
Oct 2025
Nov 2025
Dec 2025
Jan 2026
Feb 2026
Mar 2026
Apr 2026
May 2026
Jun 2026
Hotness Score
34.6154
24.0803
20.4013
19.398
18.2274
26.087
33.2776
30.1003
24.5819
26.4214
27.0903
26.5886
26.2542
43.8127
51.3378
52.6756
47.8261
46.8227
50.5017
27.4247
13.3779
7.3579
5.5184
17.7258
20.7358
23.5786
35.6187
37.4582
34.9498
42.4749
41.1371
29.4314
20.5686
15.2174
12.8763
12.8763
15.3846
22.5753
30.602
32.9431
36.4548
34.2809
43.1438
28.7625
20.0669
15.0502
15.7191
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 four consecutive years.
More VA purchase loans than any other lender for the past 10 consecutive years
Over the last six fiscal years, Veterans United made more VA purchase loans than USAA, Navy Federal Credit Union, Rocket Mortgage, Wells Fargo and Freedom Mortgage combined.
We have 1,181 Veterans ready to buy your home right now!
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.
Your team was the best,I couldn't have done it with our the team Veterans United,Thank you so much.
Christine W. | Air Force
Verified Customer
Andrea, Kara, and the team worked tirelessly to make things as smooth as possible! I appreciate all their hard work and dedication to getting me into my new home!
Daniel R. | Army
Verified Customer
Everyone of their staff was extremely responsive, knowledgeable and helpful. They made the process flow and made our dream of buying another home possible.
Douglas M. | Navy
Verified Customer
Tom, Amanda and Sarah were my main poc's for this process, and I can not say enough about their efficiency, attention to detail and kindness they showed throughout the process. I was amazed how quickly the team was able to execute all the documents and all the while walking me through the process w...
Christopher M. | Army
Verified Customer
Everyone was easy to work with they made the loan process very easy. And the biggest thing they help me get my dream home thank you everyone thank you
Kyle K. | Army
Verified Customer
Miss Taylor and her team are wonderful and I can't say enough how much we appreciate everything they've done for us.
If only our realtor and the seller's side hadn't been so criminally rotten, everything would have been beautiful.
Paul N. | Navy
Verified Customer
They helped me with the whole process from start to finish, guided me all the way, making sure I had all my questions answered. The process was very simple. And I know they can do the same for you. Don’t be afraid to give them a try. Being a veteran and using my VA home loan for the first time to ...
Jesus G. | Navy
Verified Customer
Amber was on top of everything!
Craig M. | Army
Verified Customer
Friendly and hard working team.
Gordon S. | Air Force
Verified Customer
Christian was amazing from start to finish! This was my first home and he made the process so easy. He helped with every detail and we are so thankful to have him on out side helping us.
Adrian B. | 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
The team we had did an amazing job, especially with communication and explaining things when I had a question. They stayed on top of everything and I couldn’t have asked for a better team.
Kaitlin S. | Air Force
Verified Customer
Stephen and the team were outstanding in every respect. They were knowledgeable, friendly, willing to accommodate all of my requests and acted professionally throughout the process. I asked for a quick settlement and that's exactly what they delivered. O highly recommend them.
*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.
Enter to win $75,000 toward your new home!No purchase necessary; see official rules for details.
2026 Home Field Advantage $75K Veteran Homebuyer Giveaway
1. realtor.com is hosting and helping to administer and promote the sweepstakes.
2. NMLS #1907 (nmlsconsumeraccess.org). Not affiliated with Dept. of Veterans Affairs or any government agency.
3. May be subject to tax withholding. See Official Rules for details.
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