Phoenix • Arizona • Market Updates Phoenix Housing Market October 2026 Phoenix, AZ — city-level snapshot for single-family detached homes, refreshed against the same date last month.
What’s happening in the Phoenix housing market right now? As of October 17, 2026 , Phoenix is balanced : 3.9 months of supply (excluding UCB/CCBS), median monthly sold price $490,000 , days on market (sold) 50 days, and an average sale-to-list of 97.03% . The Cromford® Market Index is 98.9 , down from 111.5 last month. That move took Phoenix from seller-leaning to balanced, and most of it came off the supply side.
$490,000
UP
Median sold price
3.9 mo
MORE SUPPLY
Months of supply (excl. UCB)
50 days
SLOWER
Days on market (sold)
97.03%
SOFTER
Avg sale price % of list
Written by Andrea Scheppe , Phoenix native and full-time, award-winning REALTOR® with HomeSmart Elite, Valley Solutions Team.
Phoenix reality check: Phoenix crossed from seller-leaning to balanced as the Cromford® Market Index fell 12.6 points (111.5 → 98.9 ). Most of that is supply: the Supply Index rose from 65.5 to 71.3 while the Demand Index slipped from 73.0 to 70.5 . Active listings excluding UCB rose from 2,698 to 2,943 , and sales per month rose too (736 → 763 ), so months of supply moved only from 3.7 to 3.9 . The median rose 3.2% to $490,000 from $475,000, and the closings behind it were larger and pricier: average sold size went from 1,971 to 2,068 SF , the average sold price from $611,897 to $693,142 , and sold $/SF from $274.08 to $284.68 . The pipeline thinned: pending fell (497 → 444 ), listings under contract fell (916 → 794 ), and the contract ratio dropped from 34.0 to 27.0 .
What this means Negotiation Homes are selling for about 97.03% of list price, roughly 2.97% under asking on average, or about $14,553 on a median-priced Phoenix home. That is softer than last month’s 97.76% and a year ago’s 97.16%.
How much is for sale Inventory is 3.9 months (excluding UCB/CCBS), looser than last month’s 3.7 and a year ago’s 3.2. Active listings excluding UCB are up 12.1% year over year at 2,943 .
How long it takes Recently-sold homes took a median of 50 days to sell, up from 48 last month; active listings sit at a median of 54 days . Sold and active time on market are within 4 days of each other.
Pricing reality ($/SF) Monthly sold $/SF is $284.68 while active list $/SF is $293.20 . That is an $8.52 spread, down from $19.58 last month. Sold $/SF rose on larger, pricier closings while the active price held near $293.66.
Market call: balanced, more homes on the market Balanced because the Cromford® Market Index is 98.9 , inside the 90 to 109 range where neither side holds a clear edge. The 12.6-point drop from 111.5 came mostly from supply: the Supply Index rose from 65.5 to 71.3 and the Demand Index slipped from 73.0 to 70.5 . A year ago the index read 104.7. Every one of the nine cities I track saw its index fall this month.
Sale-to-list slipped to 97.03% from 97.76%, and the listing success rate held at 69.6% against 69.5%. The contract ratio dropped to 27.0 from 34.0, and under-contract $/SF fell to $279.39 from $289.06 while sold $/SF rose to $284.68 . The contracts written this month carry a lower per-foot price than the homes that just closed.
Quick pulse vs last month (9/17 → 10/17): active listings 3,117 → 3,293 , pending 497 → 444 , under contract 916 → 794 , sales/month 736 → 763 .
Pricing per sq ft: active list $/SF $293.66 → $293.20 ; monthly sold $/SF $274.08 → $284.68 ; under contract $/SF $289.06 → $279.39 .
Buyer standings — October 2026 Here is what the October 2026 numbers mean for buyers and what matters if you’re buying in Phoenix right now.
Phoenix is balanced now. CMI is 98.9 against 111.5 last month. Sellers no longer hold a clear edge.More to choose from. Active listings rose to 3,293 , and active listings excluding UCB are 2,943 , up 12.1% from a year ago. Supply is 3.9 months .Negotiation softened. Sale-to-list is 97.03% against 97.76% last month, about 2.97% under ask, or roughly $14,553 on a $490,000 home.Fewer contracts are being written. Pending fell to 444 from 497 and listings under contract to 794 from 916. Less competition for the listings you want.Check the per-foot math. Active list is $293.20/sf against monthly sold $284.68/sf , an $8.52 spread. This month’s sold $/SF was lifted by larger, pricier closings, so compare a listing to the closings in its own neighborhood.Seller standings — October 2026 Your competition grew. Active listings excluding UCB rose to 2,943 from 2,698, and months of supply is 3.9 .Buyers are paying less off ask. Sale-to-list is 97.03% against 97.76% last month. Plan on giving up about 2.97% of list price on average.The pipeline behind next month is thinner. Pending fell to 444 from 497, listings under contract to 794 from 916, and the contract ratio is 27.0 .Price to the closing market. Buyers closed around $284.68/sf while active listings average $293.20/sf . That $8.52 premium is what listings that sit are asking for.Seven in ten listings close. The listing success rate is 69.6% , against 69.5% last month. Roughly three in ten Phoenix listings still come off the market without selling.Phoenix daily market snapshot — single family detached Metric Today Last Month Last Quarter Last Year Two Years Ago Active listings 3,293 3,117 2,903 3,050 2,760 UCB & CCBS listings 350 419 420 424 428 Active listings excl. UCB 2,943 2,698 2,483 2,626 2,332 Pending listings 444 497 560 522 569 Listings under contract 794 916 980 946 997 Sales per month 763 736 940 812 801 Sales per year 10,097 10,146 10,208 10,012 9,537 Days on market (sold) 50 48 43 58 46 Days on market (active) 54 55 55 55 46 Days inventory excl. UCB 106 97 89 96 89 Months of supply (excl. UCB) 3.9 3.7 2.6 3.2 2.9 Active listings $/SF $293.20 $293.66 $295.86 $301.47 $300.57 Under contract $/SF $279.39 $289.06 $281.21 $281.79 $287.71 Monthly sales $/SF $284.68 $274.08 $283.15 $280.71 $288.00 Annual sales $/SF $281.71 $281.40 $282.07 $284.49 $287.80 Avg sale price % of list 97.03% 97.76% 97.52% 97.16% 97.55% Listing success rate 69.6% 69.5% 68.6% 69.6% 71.1% Monthly dollar volume $529M $450M $606M $498M $502M Annual dollar volume $6,567M $6,536M $6,607M $6,363M $6,001M Average price (monthly sales) $693,142 $611,897 $644,623 $612,852 $627,015 Median price (monthly sales) $490,000 $475,000 $495,000 $474,550 $480,000 Median price (annual sales) $485,000 $485,000 $485,000 $480,000 $484,900 Average SF (monthly sales) 2,068 1,971 2,043 2,011 1,964 Contract ratio 27.0 34.0 39.5 36.0 42.8 Cromford® Supply Index 71.3 65.5 65.8 65.7 57.6 Cromford® Demand Index 70.5 73.0 81.2 68.8 64.7 Cromford® Market Index 98.9 111.5 123.3 104.7 112.4
Notes & FAQ What is Phoenix’s inventory right now? About 3.9 months of supply (excluding UCB/CCBS) as of 10/17/26.
Are buyers negotiating in Phoenix? Modestly: sale-to-list is 97.03% as of 10/17/26, about 2.97% under asking.
Is Phoenix a buyer’s market right now? No. The Cromford® Market Index is 98.9 as of 10/17/26, inside the balanced range of 90 to 109, though it fell 12.6 points this month.
What is the median home price in Phoenix right now? The median monthly sold price for Phoenix single-family detached homes is $490,000 as of October 17, 2026, and the annual median is $485,000, based on Cromford® Daily Market Snapshot data.
Nearby cities and sources This is a rolling daily snapshot (today vs the same date last month), using Phoenix single-family detached resale activity in the Arizona Regional MLS. For neighborhood-level context, see the Arcadia and Biltmore guide . Starting this month, Cromford® reports days on market and price per square foot as medians instead of averages, so those figures will not match last month’s post. Every comparison in this update uses the new method on both dates.
Nearby markets: Scottsdale Mesa Chandler Gilbert
Disclaimer & source: The Cromford® Report daily market snapshot and commentary. Andrea Scheppe is licensed in Arizona. This update is information, not advice for a specific property.
Thinking of buying or selling in Phoenix? I can walk you through what these numbers mean for your budget, your street and your timeline — as a Phoenix native and full-time, award-winning REALTOR®.
