All Home Types
Phoenix, AZ Housing Market
What is the housing market like in Phoenix today?
In May 2025, Phoenix home prices were down 2.6% compared to last year, selling for a median price of $450K. On average, homes in Phoenix sell after 53 days on the market compared to 46 days last year. There were 1,542 homes sold in May this year, down from 1,660 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$450,000
-2.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Phoenix, AZ
$450,000
-2.6%
United States
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Phoenix Migration & Relocation Trends
In Feb '25 - Apr '25, 27% of Phoenix homebuyers searched to move out of Phoenix, while 73% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Phoenix from outside metros.
- Seattle homebuyers searched to move into Phoenix more than any other metro followed by Los Angeles and Dallas.
Where are people moving to Phoenix from?
- 73% of Phoenix homebuyers searched to stay within the Phoenix metropolitan area.
- Prescott Valley was the most popular destination among Phoenix homebuyers followed by Show Low and Flagstaff.
Where are people from Phoenix moving to?
Number of People Moving to Phoenix
least
most
People are moving to Phoenix from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 5,021 | ||
| 2 | 3,918 | ||
| 3 | 1,630 | ||
| 4 | 1,618 | ||
| 5 | 1,196 | ||
| 6 | 667 | ||
| 7 | 646 | ||
| 8 | 562 | ||
| 9 | 444 | ||
| 10 | 413 | ||
People are leaving Phoenix for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Feb '25 - Apr '25 | ||
| 1 | 1,179 | ||
| 2 | 704 | ||
| 3 | 607 | ||
| 4 | 151 | ||
| 5 | 110 | ||
| 6 | 109 | ||
| 7 | 73 | ||
| 8 | 65 | ||
| 9 | 65 | ||
| 10 | 63 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Phoenix.
Provided by First Street Foundation
Transportation in Phoenix
Learn about the walkability, bikeability, and transit-friendliness of Phoenix
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