Is now a good time to buy a home in Phoenix, AZ?
The typical home value in Phoenix, AZ is $406K as of Aug 2026 (Zillow Home Value Index), down 1.1% from a year earlier. Over five years prices have compounded at +1.2% a year and sit 11.9% below their peak. Prices are 20.4% below their 10-year trend line.
Phoenix, AZ price trend & forecast
Frequently asked questions
Is now a good time to buy a home in Phoenix, AZ?
As of Aug 2026, our buy-timing signal for Phoenix, AZ is ACCUMULATE — prices are near fair value with a modest expected change (-0.5% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Jan 2027. Buy-timing score: 73/100.
Will home prices in Phoenix, AZ go down in 2027?
The model projects -0.5% over the next 12 months: about $404K by Aug 2027, with an 80% range of $393K–$416K (today $406K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Phoenix, AZ?
The typical (mid-tier) home value in Phoenix, AZ is $406K as of Aug 2026, -1.1% year over year.
What is the cheapest time of year to buy in Phoenix, AZ?
Historically, prices in Phoenix, AZ run lowest in January, about 1.0% below the annual average, and highest in June.
Other cities in Arizona
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.