Are Prices Falling in the Phoenix-Mesa-Chandler, AZ Metro Area?

Phoenix-Mesa-Chandler, AZ home prices are down 1.0% year-over-year

OpenRoof Score

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Key Market Data — Phoenix-Mesa-Chandler, AZ

Median Home Value

509,840

Source: Zillow ZHVI

Home Value YoY

-1

Source: Zillow ZHVI

Avg Monthly Rent

1,816

Source: Zillow ZORI

Rent YoY

1

Source: Zillow ZORI

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Data sources: Zillow ZHVI (home values, updated mid-month), Zillow ZORI (rent, updated mid-month), Realtor.com (inventory, days on market, updated 1st week of month), U.S. Census ACS (income, population, updated annually). Data as of June 2026.