📈 February 2026 Phoenix AZ Real Estate Housing Market Trends Report, Statistics and House Value

Here are 2026 February Phoenix AZ Housing Market Update for single family home, statistics and house value. Be sure to contact Swee Ng Realtor®, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Phoenix AZ as 2/7/2026, provided by the FlexMLS system.

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Number of Homes Sold in Phoenix AZ in February 2026

Based on 2026 February Phoenix housing market statistic, we saw 762 single family homes sold in Phoenix AZ compare to 819 of last February. That is about 7.0% decreased number of single family home sold in Phoenix compare to a year ago.

Phoenix AZ February 2026 Days on Market

In February 2026, we saw 71 days on market (DOM), compare to 68 in last February. It took average about 71 days to sell your home in Phoenix in February 2026.

Phoenix AZ February 2026 Median Sold Price

The median sold price for single family home in Phoenix AZ sold in February 2026 was $500,000. Compare to last year, median sold price in February 2025 was also $500,000. The median sold price for single family home in Phoenix is same as from a year ago.

2026 February Average Sold Price in Phoenix AZ

February 2026 average sold price for single family home in Phoenix AZ was $660,033. Compare to last year February at $638,671, the average sold price had increased about 3.3% from February 2025.

There are 98 million dollar listings homes sold in February 2026.

2026 February Average Sold Price Per SQFT

The average sold price per square feet for single family home in February 2026 was $313.00 per square feet, compare to $310.00 a year ago.

Most Expensive Home Sold in Phoenix in February 2026

The most expensive home sold in the Phoenix in February 2026 is located in Phoenix zip code 85018, sold for $5,375,000. The 5,181 square feet home sits on about 26,310 square feet lot features 5 bedrooms, 5.5 bathrooms, 3-car garage, private pool.

Experienced and informed buyers understand that even in a growing market, increased inventory doesn’t always mean more options. A competitive housing market can limit choices—especially depending on the zip code and price range. That’s why it’s crucial for buyers to stay well-informed about the specific area they’re targeting. Local market knowledge gives you the best chance of submitting a strong, competitive offer.

It’s important to consult with a real estate professional to understand how current market trends affect the specific neighborhood where you’re considering buying or selling. Broad, blended statistics may not accurately reflect what’s happening in your area. A detailed, local market report can provide the clarity you need to make confident decisions.

Now is a great time to explore the Phoenix market. There is a healthy selection of available homes, and working with a knowledgeable agent who understands local trends is essential. Interest rates remain favorable, but waiting too long could cost you. Well-priced homes are starting to sell within days of hitting the market, so it pays to be ready.

Contact or call me at (480) 721-6253 if you’re interested in knowing what your Phoenix home is worth in today’s real estate market or so we can discuss your housing needs. I look forward to talking to you and assisting with your real estate needs.

Affordable Financing Options Available

Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Phoenix AZ with a low down payment.

Wondering How Much I can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.

Selling Your Home in Phoenix Arizona

Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Phoenix AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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