Arizona Housing Market
Cool MarketHousing market data and trends for Arizona. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$453K
↓ 1.0% YoY
Days on Market
64 days
↑ 6.7% YoY
Active Inventory
37,636
↓ 2.1% YoY
Homes Sold
9,885
↑ 8.9% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Arizona Market Summary
The Arizona housing market is cooling down. As of March 2026, the median home sale price is $453K, down 1.0% year-over-year. Homes are spending a median of 64 days on the market, 6.7% longer than a year ago.
There are 37,636 homes for sale — 2.1% fewer than last year. With 3.8 months of supply, this is a seller's market. 13,009 new listings were added during this period, down 3.3% year-over-year.
Homes are selling for 97.9% of their list price on average, suggesting room for negotiation. 13.7% of homes sell above their asking price. 33.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Arizona Market Trends
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Detailed Market Metrics
Median List Price
$478K
Price per Sq Ft
$255
Sale-to-List Ratio
97.9%
Months of Supply
3.8
Sold Above List
13.7%
Price Drops
33.2%
New Listings
13,009
↓ 3.3% YoY
Pending Sales
12,510
Metro Areas in Arizona
Phoenix, AZ metro area
$470K median
59 days
on market
Tucson, AZ metro area
$374K median
75 days
on market
Prescott Valley, AZ metro area
$510K median
76 days
on market
Lake Havasu City, AZ metro area
$350K median
56 days
on market
Yuma, AZ metro area
$310K median
79 days
on market
Sierra Vista, AZ metro area
$293K median
91 days
on market
Flagstaff, AZ metro area
$700K median
72 days
on market
Show Low, AZ metro area
$419K median
90 days
on market
Payson, AZ metro area
$415K median
81 days
on market
Nogales, AZ metro area
$300K median
91 days
on market
Safford, AZ metro area
$372K median
150 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.