Phoenix inventory and listings rose notably while homes sold more slowly, median listing price fell to $462,500, and price per square foot edged up 0.2%.
Phoenix median sale price reached $450,700 in July 2025 with a somewhat competitive market and roughly two months from list to contract; certain features boost performance.
Phoenix Loves Its Ranch Homes-And They're Dominating a Hot Market
According to the latest Realtor.com® architectural styles report, ranch homes are increasing in popularity among first-time buyers and empty nesters for their single-story convenience.