Market report, updated

Market Report

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Report prepared by 5starpropertybrokers.com

Market at a glance

Over the last 6 months, homes sold for 95.8% of list price in 86 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $946K Sold · $908K
$1.8M$1.5M$1.2M$900K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 216 sales in Apr. Last month: 132.

Where the market stands

All homes in this report, by status.

1,842homes
Active840 · 46%
Under contract76 · 4%
Sold (6 mo)926 · 50%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

5.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$1.54M
Under contract$1.88M
Sold$1.15M

Average days on market

Active103 days
Under contract89 days
Sold86 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 840
Average list price $1,542,279
Avg. days on market 103 days
Avg. price per ft² $497
Avg. living area 2,302 ft²
Avg. beds / baths 3.3 / 3.1

Charts and listings below cover the 250 highest-priced of 840 homes.

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

20 homes didn’t report living area and aren’t shown.

6 homes are larger or pricier than this chart’s scale and aren’t shown.

$15M$10M$5M$0

Price vs. living area: 224 homes plotted, up to $15M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

12 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

5500 N Dromedary Road$5,171
5626 E Montecito Avenue$2,503
7150 N 40th Street Unit 11$2,127
6203 E Cholla Lane$2,040
4839 E Grandview Lane$2,004
5050 N Camelback Ridge Drive Unit 1302$1,785
6326 E Alta Hacienda Drive$1,763

Active listings (250 of 840)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
5500 N Dromedary RoadPhoenix, AZ 85018 134,641$24,000,000$5,171157 days
5500 N Dromedary Road Unit VPhoenix, AZ 85018 ———$24,000,000—157 days
5626 E Montecito AvenuePhoenix, AZ 85018 679,388$23,500,000$2,50359 days
6203 E Cholla LaneParadise Valley, AZ 85253 5810,784$22,000,000$2,040210 days
7150 N 40th Street Unit 11Paradise Valley, AZ 85253 579,399$20,000,000$2,127285 days
6326 E Alta Hacienda DriveScottsdale, AZ 85251 577,373$13,000,000$1,76367 days
6323 E Sage DriveParadise Valley, AZ 85253 587,928$12,999,888$1,63925 days
4949 E Red Rock DrivePhoenix, AZ 85018 479,084$12,750,000$1,40379 days
4704 N 56th StreetPhoenix, AZ 85018 798,905$11,950,000$1,341122 days
5402 E Exeter BoulevardPhoenix, AZ 85018 61012,996$10,995,900$84648 days
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Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.