Is Phoenix, AZ Still a Good Place to Buy a Home in 2026?

Phoenix's real estate market has stabilized after post-pandemic volatility, with 8,008 active listings and a median price of $475,000. Homes take about 73 days to sell, reflecting a shift toward a balanced market favoring patient buyers and realistic sellers. Sales increased 24% year-over-year, driven by motivated sellers and ample inventory. Affordability remains a challenge for some, but buyers from higher-cost areas and investors find value. School quality varies widely by neighborhood.