Phoenix, AZ Housing Market
$405,689
1.5% 1-yrThe average Phoenix, AZ home value is $405,689, down 1.5% over the past year, and homes go to pending in around 33 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Phoenix Key Takeaways
Typical Home Values: $405,689
1-Year Value Change: -1.5%
(Data through August 31, 2026)
Phoenix Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Paradise Valley$570,395
- North Mountain$371,039
- Deer Valley$421,662
- Sunburst Farms$661,423
- West Glen$507,619
- Miramonte$504,753
- Acoma$403,521
- Bell$443,641
- Autumn Ridge$380,819
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Phoenix Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Phoenix, AZ?
The median home value in Phoenix, AZ is $405,689 as of August 2026. This represents a 0.1% decrease compared to last month and a 1.5% decrease year-over-year.
How have home values changed in Phoenix, AZ?
Home values in Phoenix, AZ have decreased by 0.1% month-over-month and 1.5% year-over-year.
How do home values in Phoenix, AZ compare to Maricopa County, Arizona, and the national average?
The median home value in Phoenix, AZ ($405,689) compares to: Maricopa County ($456,252), Arizona ($417,990), and the U.S. national median ($368,697).
