Phoenix area housing market: what the numbers say right now

Here is what the numbers show for the Phoenix area right now. In August 2026, the Arizona MLS showed 23,406 active listings in Greater Phoenix against 5,471 closed sales, which is 4.3 months of supply, and in September 2026 Realtor.com put Maricopa County's median list price at $499,000, down 4.95% from a year earlier.

I'm Jen Keene, a REALTOR® with eXp Realty Luxury in Scottsdale, AZ, and I'm the agent people call at every stage of their life. Those two numbers come from different sources and measure different things, so I wouldn't set one against the other, and what matters more for you is what's happening in your own city.

In October 2026, the Cromford Report counted 1,355 active listings in the City of Scottsdale, 3,198 in the City of Phoenix and 163 in the Town of Fountain Hills. That is 3.8 months of supply in Scottsdale, 3.8 in Phoenix and 5.5 in Fountain Hills, and homes sold for a median of 96.32% of list price in Scottsdale, 97.41% in Phoenix and 97.24% in Fountain Hills.

In October 2026, Phoenix's active listings were up from 3,024 the year before, while Scottsdale's were down from 1,468 and Fountain Hills' were down from 173. The median sale price over the past 12 months was $485,000 in Phoenix, up 1% from a year earlier, and in Scottsdale it was up 5.3% while Fountain Hills' held flat.

Here's the Scottsdale housing market in full and the Fountain Hills housing market in full.

Months of supply is how long the homes currently for sale would last at the current pace of sales, if nothing new came on the market. It doesn't tell you whether a particular house is priced right.

A median list price is what sellers are asking right now, before any negotiation, and a median sale price is what homes actually closed for. The $499,000 for Maricopa County in September 2026 is a list price, so it isn't the same thing as the sale prices for the three cities above.

A county or regional number doesn't tell you what's happening on your street, so the figure that matters is the one for your own city and then for your own home. When we talk price, I bring three pricing strategies to the table and let you choose, and I build them from what has closed near your home. Here's what your home might be worth.

If you're buying, here's what happens before you see a single house. Call me at (480) 203-6605 or get in touch, tell me which city you're watching, and I'll pull the current numbers for it before we talk.