Market Update
- Week of October 4, 2026
Weekly snapshot of Phoenix Metro real estate: median prices, listings, mortgage rates, cancellations, and buyer/seller tips
Median List Price
$479,000
Median Sold Price
$470,000
Price per Sq. Ft.
$279
Active Listings
5,916
Days on Market
59
Market Type
Balanced
Mortgage Rate Snapshot
A quick look at current borrowing costs.
30-Year Fixed
7.49%
Weekly change: +27 bps
15-Year Fixed
6.79%
Weekly change: +27 bps
Buyer Tip
Pay Attention to Inspection Risk Early
Inspection findings can quickly change the economics of a deal, so think about roof, HVAC, plumbing, and foundation issues before making an offer. Connect with help at seekingagents.com.
Seller Tip
Focus on First Impressions
Professional photos, curb appeal, and decluttered spaces can help buyers connect with your home faster. Compare agents at seekingagents.com.
Market Watch
Home sale cancellations in Phoenix are increasing slightly as buyers hesitate due to high inventory and stabilizing prices, with some deals falling through during inspections.
Source: https://www.redfin.com/city/15324/AZ/Phoenix/housing-market