Market Update
- Week of April 5, 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
6.55%
Weekly change: +5 bps
15-Year Fixed
5.85%
Weekly change: +5 bps
Buyer Tip
Compare Total Monthly Cost, Not Just Price
Look beyond the purchase price and compare taxes, insurance, HOA fees, and maintenance costs when evaluating homes. For help, visit seekingagents.com.
Seller Tip
Fix High-Visibility Deferred Maintenance
Small repairs and clean presentation can improve confidence and reduce friction during inspections and negotiations. Find expert help 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