Phoenix Metro Housing Market Report: October 2026

Maricopa County · 2026-08 · median $473,406 · -0.33% YoY

Maricopa County’s median sale price was essentially flat year over year at $499,990 in August 2026, while the average sale price rose 6.1% to $686,706.[3] Inventory held at 3.6 months, but buyer activity weakened sharply: pending sales fell 34.2% year over year, while new listings declined 8.5% and closed sales declined 4.9%.[3] The combination of fewer listings and a steeper drop in pending sales indicates less competition among buyers and a market with reduced transaction volume rather than clear seller leverage.[3] Construction was mixed in the broader Phoenix market: total housing permits rose 14.2% year over year in June, while single-family permits fell 2.6%.[11]

Sources: [1][2][3][4][5]

Pinal County · 2026-08 · median $382,000 · +0.1% YoY

Pinal County’s residential market is currently stable to slightly rising in price, with its median single-family home price recently reported at $382,000, up 0.1% while the broader Greater Phoenix median rose 1%.[11] Inventory in Pinal County has expanded modestly, with months of supply increasing to 4.4 months, indicating a more balanced market and giving buyers somewhat more choice.[11] Closed and pending sales have slipped (closed sales down 0.5%, pending sales down 5.3%, new listings down 5.7%), suggesting softer transactional volume and slightly less urgency on the buy side even as prices hold.[11] Local dynamics continue to be influenced by Pinal’s role as a more affordable alternative to Maricopa County and by growth in cities like Maricopa and Apache Junction, where recent data show modest month-over-month price gains and relatively typical marketing times around 7-11 weeks.[12][14][2][6][7][9][10][15]

Sources: [1][2][3][4][5]

Pima County · 2026-06 · median $320,000 · -1.4% YoY

Pima County’s residential market is showing slight downward price pressure, with recent local reporting saying the median list price eased to $400,000 and Redfin showing Tucson home prices down 1.4% year over year over the three months ending June 2026.[1][11] Inventory is not surging but remains elevated enough to slow sales, with one county update reporting 3,154 active homes and Redfin saying homes in Pima County are taking 73 days to sell and receiving 2 offers on average.[1][2] The market still tilts slightly toward sellers, but only modestly, as local reporting describes a slight seller’s advantage while also noting more price reductions and longer days on market.[1] Local drivers are mixed: county housing officials point to migration of working-age remote workers, competition from institutional investors, and a recent slowdown in single-family permit activity, while also noting that existing home sales rose slightly and median resale prices stayed level in FY 2025/26.[14]

Sources: [1][2][3][4][5]