Good news for buyers: See how your city compares with latest metro Phoenix home prices

Home prices are flat or down slightly in most metro Phoenix cities compared to last year, another sign of a big increase in listings shifting the market towards buyers.

Listings of houses for sale shot up almost 53% during the past year, according to the Arizona Regional Multiple Listing Service.

Christy Walker, board president of Phoenix REALTORS, said the increase in listings gives homebuyers “a diverse range of prices.”

In April, 7,164 Phoenix-area houses sold, up by almost 400 since March. But the Valley’s median home price dipped by $10,000, to $445,000, in April from March, likely due to the higher supply of houses for sale.

Home prices in metro Phoenix cities with the biggest populations

Here's how median prices fared for single-family homes between April 2025 and April 2024.

Phoenix’s median fell 5.2% to $473,450 in April 2025, compared to April 2024.

In Mesa, the median home price was up about 1% to $490,000.

Chandler’s typical home price rose 2.5% to $584,000.

Gilbert’s home price was down 1% to $595,000.

In Glendale, the median went up 2.2% to $460,000.

Scottsdale saw its typical home price dip about 2% to $1,178,000.

Peoria’s typical home price fell 6% to $504,995.

In Tempe, the median sales price was $540,500, also down 6%.

Surprise’s median price inched up 1% to $437,240.

And in Buckeye, the most affordable Valley city on the list, the median ticked down 1.3% to $404,000.

“We are in a buyers’ market,” said Tina Tamboer, senior housing analyst with The Cromford Report. “Don’t look for prices to plummet, but they could slip 3% to 5%.”

Final Thoughts

Metro Phoenix is officially leaning toward a buyer's market — a shift that offers out-of-state buyers more opportunity, flexibility, and negotiating power. With listings up 53% and prices holding steady or slipping slightly in many major cities, now is a strategic time to explore the market.

While big price drops are unlikely, increased supply gives you the chance to find the right fit without the bidding wars of the past few years. Whether you're relocating for lifestyle, work, or investment, Phoenix’s diverse city-by-city trends mean there’s something for nearly every budget.

This is a moment to act—not wait. With affordability improving and inventory climbing, informed buyers have the edge.