Market Update
The Valley
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$475k
1% more than in
Q3 2025
Q3 2025
Avg. Days On Market
78
0% change from
Q3 2025
Q3 2025
Closed Sales
13.8k
6% fewer than in
Q3 2025
Q3 2025
Inventory
17.6k
2% fewer than in
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $477k | $605k | 11339 |
| Q3 '23 | $460k | $608k | 11512 |
| Q3 '24 | $467k | $613k | 13974 |
| Q3 '25 | $470k | $615k | 14661 |
| Q3 '26 | $475k | $649k | 13836 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 54.8% |
|---|---|
| Q3 '26 | 7580 |
| Q3 '25 | 8177 |
| 1YR CHANGE | -7% |
| Closed $500k - $1m | 35.1% |
| Q3 '26 | 4861 |
| Q3 '25 | 5133 |
| 1YR CHANGE | -5% |
| Closed $1m - $2m | 7.2% |
| Q3 '26 | 1001 |
| Q3 '25 | 1033 |
| 1YR CHANGE | -3% |
| Closed Over $2m | 2.8% |
| Q3 '26 | 394 |
| Q3 '25 | 318 |
| 1YR CHANGE | +24% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 40 | $477k |
| Q3 '23 | 56 | $460k |
| Q3 '24 | 65 | $467k |
| Q3 '25 | 78 | $470k |
| Q3 '26 | 78 | $475k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-2%
New Listings
New Listings represents the number of properties listed during the quarter.
3%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
4%
Closed Sales
-6%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
0%
Ahwatukee
Median
$550k
DOM
63
Sales
201
Inv
203
Anthem
Median
$592k
DOM
88
Sales
112
Inv
144
Avondale
Median
$415k
DOM
72
Sales
201
Inv
305
Buckeye
Median
$400k
DOM
85
Sales
686
Inv
986
Carefree
Median
$1.28m
DOM
164
Sales
17
Inv
37
Cave Creek
Median
$923k
DOM
93
Sales
128
Inv
182
Chandler
Median
$548k
DOM
63
Sales
590
Inv
519
Desert Mountain
Median
$3.1m
DOM
222
Sales
23
Inv
72
Fountain Hills
Median
$824k
DOM
76
Sales
92
Inv
158
Gilbert
Median
$596k
DOM
68
Sales
758
Inv
750
Glendale
Median
$450k
DOM
69
Sales
482
Inv
504
Goodyear
Median
$475k
DOM
78
Sales
490
Inv
637
Litchfield Park
Median
$768k
DOM
85
Sales
20
Inv
35
Maricopa
Median
$350k
DOM
87
Sales
379
Inv
630
Mesa
Median
$495k
DOM
65
Sales
1,047
Inv
1,033
Paradise Valley
Median
$4.5m
DOM
100
Sales
61
Inv
123
Peoria
Median
$525k
DOM
76
Sales
596
Inv
766
Phoenix
Median
$485k
DOM
66
Sales
3,017
Inv
3,354
Queen Creek
Median
$644k
DOM
94
Sales
322
Inv
488
Rio Verde
Median
$638k
DOM
86
Sales
11
Inv
36
San Tan Valley
Median
$480k
DOM
112
Sales
71
Inv
137
Scottsdale
Median
$1.28m
DOM
91
Sales
745
Inv
1,027
Sun City West
Median
$381k
DOM
89
Sales
195
Inv
164
Sun City, El Mirage
Median
$290k
DOM
93
Sales
216
Inv
312
Surprise
Median
$430k
DOM
89
Sales
884
Inv
1,208
Tempe
Median
$525k
DOM
65
Sales
215
Inv
275