Market Update
The Valley
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$480k
1% more than in
Q2 2025
Q2 2025
Avg. Days On Market
76
6% more than in
Q2 2025
Q2 2025
Closed Sales
17.6k
2% more than in
Q2 2025
Q2 2025
Inventory
16.1k
13% fewer than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $500k | $656k | 16093 |
| Q2 '23 | $465k | $631k | 13827 |
| Q2 '24 | $480k | $651k | 16786 |
| Q2 '25 | $475k | $644k | 17197 |
| Q2 '26 | $480k | $669k | 17618 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 53.6% |
|---|---|
| Q2 '26 | 9445 |
| Q2 '25 | 9520 |
| 1YR CHANGE | -1% |
| Closed $500k - $1m | 35.0% |
| Q2 '26 | 6162 |
| Q2 '25 | 5956 |
| 1YR CHANGE | +3% |
| Closed $1m - $2m | 8.1% |
| Q2 '26 | 1432 |
| Q2 '25 | 1241 |
| 1YR CHANGE | +15% |
| Closed Over $2m | 3.3% |
| Q2 '26 | 579 |
| Q2 '25 | 480 |
| 1YR CHANGE | +21% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 29 | $500k |
| Q2 '23 | 68 | $465k |
| Q2 '24 | 62 | $480k |
| Q2 '25 | 72 | $475k |
| Q2 '26 | 76 | $480k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
-13%
New Listings
New Listings represents the number of properties listed during the quarter.
-5%
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.
-15%
Closed Sales
2%
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.
6%
Ahwatukee
Median
$575k
DOM
63
Sales
272
Inv
172
Anthem
Median
$550k
DOM
81
Sales
154
Inv
130
Avondale
Median
$416k
DOM
78
Sales
234
Inv
283
Buckeye
Median
$400k
DOM
84
Sales
761
Inv
877
Carefree
Median
$1.36m
DOM
99
Sales
32
Inv
36
Cave Creek
Median
$1.58m
DOM
115
Sales
25
Inv
45
Chandler
Median
$550k
DOM
58
Sales
749
Inv
477
Desert Mountain
Median
$2.8m
DOM
183
Sales
39
Inv
92
Fountain Hills
Median
$820k
DOM
75
Sales
151
Inv
139
Gilbert
Median
$598k
DOM
57
Sales
913
Inv
719
Glendale
Median
$459k
DOM
70
Sales
570
Inv
454
Goodyear
Median
$475k
DOM
83
Sales
616
Inv
586
Litchfield Park
Median
$834k
DOM
85
Sales
30
Inv
27
Maricopa
Median
$350k
DOM
89
Sales
499
Inv
518
Mesa
Median
$500k
DOM
62
Sales
1,280
Inv
894
Paradise Valley
Median
$4.2m
DOM
125
Sales
75
Inv
121
Peoria
Median
$530k
DOM
68
Sales
747
Inv
686
Phoenix
Median
$496k
DOM
65
Sales
3,786
Inv
3,128
Queen Creek
Median
$616k
DOM
83
Sales
436
Inv
481
Rio Verde
Median
$800k
DOM
130
Sales
23
Inv
28
San Tan Valley
Median
$555k
DOM
90
Sales
115
Inv
110
Scottsdale
Median
$1.28m
DOM
87
Sales
1,142
Inv
1,002
Sun City West
Median
$380k
DOM
81
Sales
304
Inv
173
Sun City, El Mirage
Median
$298k
DOM
93
Sales
301
Inv
272
Surprise
Median
$426k
DOM
89
Sales
1,140
Inv
1,068
Tempe
Median
$536k
DOM
56
Sales
291
Inv
239