Arizona Housing Market
Cold MarketHousing market data and trends for Arizona. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$441K
↓ 2.5% YoY
Days on Market
78 days
↑ 9.9% YoY
Active Inventory
35,410
↑ 2.8% YoY
Homes Sold
6,291
↑ 0.5% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Arizona Market Summary
The Arizona housing market is cooling down. As of January 2026, the median home sale price is $441K, down 2.5% year-over-year. Homes are spending a median of 78 days on the market, 9.9% longer than a year ago.
There are 35,410 homes for sale — 2.8% more than last year. With 5.6 months of supply, this is a balanced market. 12,820 new listings were added during this period, down 1.7% year-over-year.
Homes are selling for 97.6% of their list price on average, suggesting room for negotiation. 11.9% of homes sell above their asking price. 28.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Arizona Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$482K
Price per Sq Ft
$251
Sale-to-List Ratio
97.6%
Months of Supply
5.6
Sold Above List
11.9%
Price Drops
28.4%
New Listings
12,820
↓ 1.7% YoY
Pending Sales
10,034
Metro Areas in Arizona
Phoenix, AZ metro area
$459K median
76 days
on market
Tucson, AZ metro area
$362K median
78 days
on market
Prescott Valley, AZ metro area
$487K median
89 days
on market
Lake Havasu City, AZ metro area
$356K median
60 days
on market
Yuma, AZ metro area
$290K median
99 days
on market
Sierra Vista, AZ metro area
$270K median
96 days
on market
Flagstaff, AZ metro area
$669K median
91 days
on market
Show Low, AZ metro area
$460K median
103 days
on market
Payson, AZ metro area
$496K median
67 days
on market
Nogales, AZ metro area
$280K median
103 days
on market
Safford, AZ metro area
$415K median
53 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.