Phoenix Real Estate Market Report: November 2026

Greater Phoenix closed 4,478 home sales in October 2026 at a median sold price of $449,000, down from 5,122 sales and $454,945 in September. Prices held close to flat while the number of sales slipped, and buyers now have about 24,500 active listings to choose from as snowbird season starts.

See all homes in Phoenix Call Terry: 602-483-4665

What the October numbers say

The headline is steady prices on fewer sales. October's median of $449,000 sits within about one percent of where it has been all summer: $450,000 in July, $450,000 in August and $454,945 in September. Price per square foot tells the same story, moving from $251 in July and August to $252 in September and $249 in October.

The sales count is where the change shows. Closings fell from 5,719 in July to 4,918 in August, rose a little to 5,122 in September, then dropped to 4,478 in October. Part of that is the calendar. Fall closings reflect contracts written in late summer, when the heat keeps many buyers home. Even so, a 13% drop from one month to the next tells me buyers are being choosy.

By home type, single-family homes made up most of October's sales: 3,696 closings at a median of $475,000 ($253 per sq ft). Townhomes and condos added 598 sales at a median of $325,000, and manufactured homes 184 at a median of $150,000.

Closed sales by city, October 2026

Here are the 16 cities with the most October closings. The September column gives you a quick month-over-month check. Small cities swing a lot from month to month, so read a single month as a snapshot, not a trend.

Medians include every home type sold in that city. A city with more condos or manufactured homes will show a lower median even if its single-family prices are similar to a neighbor's.

My take for sellers

With prices flat and about 24,500 homes for sale, buyers are comparing. In my experience the homes that sell in a market like this are the ones priced against the most recent closed sales, not against last spring's list prices or a neighbor's hopes. If your home has been listed for a few weeks with showings but no offers, the market is usually telling you something about price or condition.

Timing matters too. November through April brings winter visitors and relocating buyers into the Valley, and many of them shop in person. That helps sellers in areas those buyers like, such as the West Valley 55+ communities and the Scottsdale and Fountain Hills corridor. It also means more competing listings, so presentation and price still decide who gets the showing.

For a city-by-city view, start with my seller guides for Peoria, Mesa, Chandler, Gilbert, Glendale, Surprise, Goodyear, North Scottsdale and Desert Ridge. Then read how to price your Arizona home to sell and getting your home ready to sell in Phoenix.

My take for buyers

Flat prices and plenty of listings give buyers room to ask for things: repairs, a seller credit toward closing costs, or a closing date that fits your move. Not every seller says yes, but more of them are listening than in the years when homes sold in a weekend.

One angle I watch closely is the assumable loan. Many homes bought with FHA or VA financing in 2020 and 2021 carry loans that a qualified buyer may be able to take over, and the seller keeps a sale that stands out from the listing next door. My assumable mortgage homes page shows how it works and which homes may qualify, and sellers can read selling your home with an assumable loan.

How I built this report

I pulled every closed sale in my website's ARMLS listing feed for ZIP codes in 41 Phoenix-area cities, kept residential sales only, and grouped them by closing date. Medians use the sold price, never the list price. Price per square foot uses homes with a recorded living area. Active listings were counted on November 8, 2026. Because this is my own compilation from the IDX feed, totals can differ from ARMLS's own monthly STAT report. For a single neighborhood, see my Desert Ridge market report, and 55+ buyers and sellers can read the Sun City, Sun City West and Sun City Grand market report.

Questions people ask about the Phoenix market

Are Phoenix home prices dropping?

Not much. The Greater Phoenix median sold price was $449,000 in October 2026, compared with $454,945 in September and $450,000 in both July and August. That is roughly flat, while the number of sales fell.

How many homes sold in Greater Phoenix in October 2026?

In my compilation, 4,478 residential sales closed in October 2026, down from 5,122 in September. Over the three months from August 1 to October 31, 14,518 homes closed.

Is it a buyer's or seller's market in Phoenix right now?

It leans toward buyers in most price ranges. With about 24,500 active listings and fewer monthly sales, buyers can negotiate, though well-priced homes in popular areas still sell quickly.

Which cities sold the most homes in October?

Phoenix led with 939 closings, followed by Scottsdale (455), Mesa (414), Surprise (248) and Gilbert (199). Scottsdale had the highest median of the large cities at $964,000.

How often is this report updated?

I plan to update it each month after the prior month's closings are in, so the next version will cover November 2026 sales.

See all homes in Phoenix Call Terry: 602-483-4665

Closed sales July 1 to October 31, 2026; active listings counted November 8, 2026. Source: ARMLS data compiled by Terry Day, DeLex Realty. ARMLS® COPYRIGHT 2026. Information deemed reliable but not guaranteed.