Market Update
- Week of March 22, 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
6.34%
Weekly change: —
15-Year Fixed
5.64%
Weekly change: —
Buyer Tip
Keep Cash Reserves for After Closing
Closing is only the beginning, so leave room for moving costs, repairs, furnishings, and unexpected maintenance. Find trusted support at seekingagents.com.
Seller Tip
Highlight What Makes Your Home Efficient or Flexible
Storage, workspace options, energy-efficient upgrades, and functional layout details can make your listing stand out. Find 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