Published : April 8, 2026 Data as of : March 26, 2026 Compared to : February 23, 2026 Coverage : Phoenix, AZ (city-level) | Source : Cromford® Daily Market Snapshot (Single Family Detached)
Phoenix • Arizona • Market Updates
March 2026 Phoenix Housing Market Update Phoenix, AZ - city-level snapshot for single-family detached homes.
Q: What's happening in the Phoenix housing market right now?
A: As of March 26, 2026 seller-leaning with active buyer negotiation : 2.8 months of supply (excluding UCB/CCBS), median monthly sold price $475,000 , days on market (sold) 66 days,
and an average sale-to-list of 97.62% .
What this means Negotiation: Homes are selling for about 97.62% of list price on average - roughly 2.4% under asking, though it varies by home and neighborhood.How much is for sale: Inventory sits at 2.8 months (excluding UCB/CCBS). That's relatively lean - not a frenzy, but sellers still hold the upper hand in most price ranges.How long it takes: Recently-sold homes averaged 66 days on market; active listings average 80 days . Homes priced and prepped correctly move faster than the average suggests.Pricing reality ($/SF): Monthly sold $/SF is $333.05 while active list $/SF is $379.79 . That spread is where negotiations and price adjustments happen. This is a rolling snapshot (today vs the same date last month ) so buyers and sellers can see where leverage sits right now, not at month-end.
Written by Andrea Scheppe , Phoenix native and REALTOR® with HomeSmart Elite, Valley Solutions Team.
Phoenix reality check: Inventory ticked up slightly (2,948 → 2,992 active listings) and months of supply eased a hair (3.3 → 2.8 , excluding UCB/CCBS).
Sales per month jumped meaningfully (735 → 860 ) and contracts under wire climbed (1,177 → 1,289 ), signaling a spring pickup.
Median monthly sold price pulled back from last month ($499,500 → $475,000 ) but that matches where it was last quarter - no alarm there.
The Cromford® Market Index held strong at 128.1 , up from 130.6 last month and well above the 100 threshold that marks seller territory.
Median sold price (monthly sales)
$475,000 DOWN ($499,500 → $475,000)
Inventory (months of supply, excl. UCB)
2.8 mo TIGHTER (3.3 → 2.8)
Speed (DOM, sold)
66 days FASTER (75 → 66)
Negotiation (avg sale price % of list)
97.62% STRONGER (97.36% → 97.62%)
Market call Market: SELLER-LEANING (SPRING MOMENTUM BUILDING)
Seller-leaning because Cromford® Market Index is 128.1 - anything over 100 favors sellers.
Sale-to-list ticked up to 97.62% , meaning buyers are giving back less ground than last month.
Supply at 2.8 months (excluding UCB/CCBS) keeps inventory tight across most of the city.
Pulse vs last month (2/23 → 3/26 2,948 → 2,992 , pending 635 → 703 ,
under contract 1,177 → 1,289 , and sales/month 735 → 860 .
That's a clean spring acceleration across the board.
Pricing per sq ft: Active list $/SF $383.76 → $379.79 ; Monthly sold $/SF $326.08 → $333.05 ; Under contract $/SF $338.22 → $336.48 .
Sold $/SF is actually moving up month-over-month while list $/SF eased - that's a healthy sign.
Buyer standings - March 2026 (what to do) Hey, this is a lot of information but you don't have to absorb it all at once. Here's what actually matters if you're buying in Phoenix right now.
Negotiation exists, but it's tighter: Sale-to-list improved to 97.62% - buyers are getting about 2.4% off ask on average, less room than last month.Use the $/SF spread: Active list is $379.79/sf vs monthly sold $333.05/sf . If a listing's price per sq ft is running well above closed comps, that gap is your negotiating anchor.Time is some leverage: Active DOM is 80 days . Listings sitting longer are where concessions and price reductions tend to show up.Spring is real: Sales volume jumped from 735 → 860 and contracts climbed to 1,289 . The well-priced homes are moving - don't assume everything will sit.CMI says sellers still hold it: At 128.1 , the market index is solidly in seller territory. Come prepared, preapproved, and knowing your number.Seller standings - March 2026 (what matters) Spring is your friend right now: Sales/month jumped to 860 from 735 last month. Buyer activity is picking up and the market is absorbing inventory.CMI at 128.1 - seller territory: That number means conditions favor you, but it doesn't mean any price flies. The gap between list $/SF ($379.79 ) and sold $/SF ($333.05 ) shows that overpriced homes still sit.Negotiation is modest: Sale-to-list ticked up to 97.62% . Sellers priced at supported comps are giving back less than those who started too high.Listing success rate is 72.5%: Nearly 1 in 4 listings don't close. Photos, preparation, pricing, and showing access are the variables you control.Supply is lean at 2.8 months: Less competition than most Valley cities right now. If your home is priced and presented well, you're in a good position.Notes & FAQ This is a rolling daily snapshot (today vs the same date last month), using Phoenix single-family detached metrics from the Cromford® Daily Market Snapshot.
It answers "where do buyers and sellers stand right now?" without waiting for month-end reporting.
Quick definitions: Months of supply = how much is for sale, DOM = how long it takes, sale-to-list = how much people negotiate, and $/SF = price per square foot.
What is Phoenix's inventory right now?
About 2.8 months of supply (excluding UCB/CCBS) as of 3/26/26
Are buyers negotiating in Phoenix?
Modestly. Sale-to-list is 97.62% as of 3/26/26
Is Phoenix a buyer's market right now?
No. The Cromford® Market Index is 128.1 as of 3/26/26
What is the median home price in Phoenix right now?
The median monthly sold price for single-family detached homes is $475,000 as of 3/26/26
Open: Phoenix daily snapshot table (Today vs last month vs last quarter vs last year vs 2 years ago) Phoenix Daily Market Snapshot - Single Family Detached Metric Today (3/26/26 ) Same day last month (2/23/26 ) Last quarter (12/24/25 ) Same day last year (3/26/25 ) 2 years ago (3/25/24 ) Active listings 2,992 2,948 2,508 3,147 2,249 UCB & CCBS listings 586 542 358 556 491 Active listings excl. UCB 2,406 2,406 2,150 2,591 1,758 Pending listings 703 635 463 669 664 Listings under contract 1,289 1,177 821 1,225 1,155 Sales per month 860 735 845 888 906 Sales per year 10,062 10,054 10,023 9,901 9,790 Days on market (sold) 66 75 77 65 57 Days on market (active) 80 85 97 76 77 Days inventory excl. UCB 88 88 79 96 66 Months of supply (excl. UCB) 2.8 3.3 2.5 2.9 1.9 Active listings $/SF $379.79 $383.76 $368.06 $382.32 $374.15 Under contract $/SF $336.48 $338.22 $338.10 $330.66 $332.86 Monthly sales $/SF $333.05 $326.08 $315.56 $326.43 $326.79 Annual sales $/SF $317.46 $316.85 $315.98 $322.23 $308.54 Avg sale price % of list 97.62% 97.36% 97.03% 97.77% 98.20% Listing success rate 72.5% 72.4% 66.7% 77.5% 79.3% Monthly dollar volume $569M $480M $533M $581M $581M Annual dollar volume $6,389M $6,380M $6,329M $6,343M $5,939M Average price (monthly sales) $661,880 $653,073 $630,308 $654,374 $640,848 Median price (monthly sales) $475,000 $499,500 $475,000 $502,000 $489,250 Median price (annual sales) $479,000 $480,000 $483,000 $485,000 $470,000 Average SF (monthly sales) 1,987 2,003 1,997 2,005 1,961 Contract ratio 53.6 48.9 38.2 47.3 65.7 Cromford® Supply Index 62.8 59.3 60.7 64.8 44.2 Cromford® Demand Index 80.4 77.5 75.4 74.0 66.3 Cromford® Market Index 128.1 130.6 124.1 114.2 149.9
Note: "months of supply" is reported excluding UCB/CCBS inventory. LT column = long-term average benchmark.
Disclaimer (method): This post uses the Cromford® Daily Market Snapshot for Phoenix single-family detached homes,
comparing 3/26/26 2/23/26
