Equal Housing Opportunity
Maricopa County Real Estate Market Statistics
Weekly market analysis for Greater Phoenix Metro home sellers and buyers. Understanding local market conditions is essential when selling probate and inherited properties.
Maricopa County Market Snapshot — Key Performance Indicators
Data sourced from MLS, Zillow, FRED & S&P Case-Shiller (Maricopa County).
$468,000
-1.8% YoY
18,400
+6-7% YoY
~3,750/mo
Steady demand
82
Before going under contract
4.4
Buyer's market (>4.0)
77
Highest since 2022
97.7%
Pricing precision matters
Buyer's
Cautious stabilization
Phoenix Metro Median Home Sale Price — Historical Trend (2023–2026)
Tracking how long it takes to sell a house in Phoenix starts with understanding where prices have been — and where they are heading.
The March 2026 price chart shows a tentative stabilization after five months of correction. After bottoming near $455,000 in February, the blended median has nudged back toward $468,000 in March. This is consistent with the normal spring seasonal pattern: the 2023 line on this chart shows prices also dipped in January-February before climbing through June. For sellers with pre-2022 equity, the math still works. Sellers who purchased at the 2025 peak need to carefully analyze their position.
Maricopa County Housing Supply vs. Demand — Who Controls the Market?
Understanding the balance between available homes and active buyers is essential for pricing strategy in the current Maricopa County real estate market.
Active inventory across the Greater Phoenix metro stands at roughly 18,400 Maricopa County listings — up about 6-7% year over year. Closed sales remain around 3,750 per month, which keeps months of supply at 4.4 — still definitively a buyer's market, but only slightly above the 4.0-month threshold. For sellers, this chart is the most important context for pricing decisions: with 4+ months of competing inventory, buyers have options.
S&P Case-Shiller Phoenix Home Price Index — The Real Long-Term Picture
328.8
S&P Case-Shiller Index — December 2025
| Month | Index Value | Monthly Change |
|---|---|---|
| Aug 2025 | 322.3 | +0.3% |
| Sep 2025 | 323.9 | +0.5% |
| Oct 2025 | 325.2 | +0.4% |
| Nov 2025 | 326.7 | +0.5% |
| Dec 2025 | 328.8 | +0.6% |
The S&P Case-Shiller Phoenix Index remains the most reliable long-term gauge of home price movement in this market because it eliminates the noise of sales-mix shifts that can make MLS medians misleading. The most recent reading is December 2025 at 328.80. After a four-month recovery from the August 2025 low of 320.27, the index ended the year at 328.80 — still meaningfully below the January 2025 peak of 335.60. For sellers, the takeaway is consistent: this index does not move fast enough to help you time a listing decision.
Home Values by City — Maricopa County, AZ (2026)
City-level data matters when selling — Maricopa County averages can mask significant neighborhood-level variation.
Chandler
-2.9%$516,460
Days to Pending: ~31
Largest East Valley city; steady demand
Gilbert
-2.1%$563,939
Days to Pending: ~30
Fastest-growing suburb; still premium priced
Mesa
-3.3%$427,831
Days to Pending: ~31
Southeast Valley hub; strong fundamentals
Paradise Valley
-1.5%$3,750,000
Days to Pending: ~45
Ultra-luxury enclave; limited inventory
Phoenix
-5.0%$475,000
Days to Pending: ~34
Broad market; wide price range across neighborhoods
Scottsdale
+3.0%$1,300,000
Days to Pending: ~28
Luxury market; strongest seller's market in county
Tempe
-2.3%$466,198
Days to Pending: ~29
Urban core; fastest-moving inventory
The city-by-city picture tells a more nuanced story than the county-wide headline. Scottsdale stands alone as the market's anchor: median sale prices have climbed to $1,300,000, up 3% year over year, as luxury and near-luxury buyers continue flocking to North Scottsdale, Paradise Valley adjacent, and Arcadia. If you own in Scottsdale, you are operating in the strongest seller's market in Maricopa County. For sellers in the other cities, strategy and pricing precision matter more than any macro recovery.
Why Market Statistics Matter for Probate Sales
Understanding current market conditions is critical when selling probate and inherited properties. Accurate pricing ensures the estate receives fair market value, which is often a fiduciary responsibility for personal representatives and executors.
Market data helps determine the optimal listing price, anticipate how long a property may take to sell, and set realistic expectations for all parties involved in the estate. Properties that are priced correctly from the beginning tend to sell faster and for better prices.
As your Certified Probate Real Estate Specialist, Todd J. Chase provides detailed comparative market analyses tailored to your specific property and situation, ensuring informed decisions throughout the probate sale process.
Market statistics are compiled from Arizona MLS (ARMLS), Zillow Home Value Index, Federal Reserve Economic Data (FRED), and S&P CoreLogic Case-Shiller Home Price Index for the Phoenix metropolitan area / Maricopa County. Data is provided for general informational purposes only and may not reflect the most recent market changes. For accurate, up-to-date valuations specific to your property, please contact Chase Realty Advisors for a complimentary market analysis. Last updated: March 30, 2026.