Housing Market
Phoenix, AZ
Phoenix is one of the largest and most liquid housing markets in the Sun Belt. The metro attracted significant in-migration during 2020 to 2022, pushing values sharply higher. Since then, affordability constraints and higher mortgage rates have tempered demand. The Phoenix market is large and diverse, with meaningful differences between the core metro, East Valley, and West Valley submarkets.
Current market signal
Based on data as of June 2026
This signal reflects metro-level conditions for the Phoenix area. Individual addresses may vary. Enter your address below for a property-specific report.
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The market-level signal above reflects the Phoenix metro. For a report tied to your specific address, including an estimated value and equity picture, enter your address below.
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About this data
The market signal shown above is based on listing and sales data for zip code 85004 (Phoenix, AZ), combined with national mortgage rate and housing supply data from the Federal Reserve. Data is refreshed monthly. Individual results may differ based on property type, price tier, and neighborhood. This signal is for informational purposes only and is not financial or real estate advice.
Sources: RentCast (listing and sales activity), FRED (Federal Reserve Economic Data).