How much does it cost to buy a house in Phoenix, AZ?

In August 2026 Phoenix homes were listed to buy for a median price of $465K, which is a 2% decrease to July 2025 last month, and a 2% decrease to August 2025 last year. The median value of a home listed to buy in Phoenix in August 2026 was $279 per sqft, which is a 3% decrease to July 2025 last month, and a 3% decrease to August 2025 last year.

Is it affordable or expensive to live in Phoenix, AZ?

It is expensive to live in Phoenix. Buying a home in Phoenix is 1% more expensive compared with the national average.

Is it a good time to buy property in Phoenix, AZ?

Yes now is a good time to buy property in Phoenix, in August 2026, homes in Phoenix have decreased in value (price per sqft) by 3% in the last year compared with August 2025.

Is the Phoenix, AZ housing market slowing down?

The housing market in Phoenix is slowing down. In August 2026, homes to buy in Phoenix spent an median 70 days on the market, a 12% decrease from August 2025 last year.

What are the best and safest places to live in Phoenix, AZ?

The best and safest neighborhoods to live in Phoenix in August 2026 are Gainey Ranch, Arrowhead Lakes, Optima Biltmore Towers Condominiums, Downtown Phoenix, Pebblecreek, Verrado, Pointe Tapatio, Estrella, Villa Monterey, Willo, Sun City Grand, Westbrook Village, Sunland Village East, Sunland Village, Scottsdale Shadows, Sunbird Golf Resort, Apache Wells, Executive Towers, Happy Trails Resort, Landmark Towers Condominiums

How much money should I make to buy a house in Phoenix, AZ?

In August 2026, Phoenix homes were listed to buy for a median price of $465K, with 25% down you would need $2.53K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $86.8K.

Is it a good time to sell my house in Phoenix, AZ?

Yes now is a good time to sell your house in Phoenix, in August 2026, homes in Phoenix have decreased in value (price per sqft) by 3% in the last year compared with August 2025.