Homes for Sale Under 500K in Phoenix, AZ

3,526 Homes for Sale

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Phoenix, AZ Housing Market Overview

Phoenix is a balanced market, giving buyers and sellers room to negotiate. With 1.5 months of supply and homes averaging 62 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

62

Inventory

3,526

Aug 2021May 2024Jul 2026

Median Home Price

$446,250Up 0.28%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
3,526 Up 14.12%
Newly Listed Homes
1,235 Up 8.91%
Months of Supply
1.5 Down 38.67%

Housing Demand

Homes Sold
2,990 Up 86.06%
Sale-to-List Ratio
97.2% Down 0.12%
Homes Sold Above List
16% Up 6.16%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Phoenix Market Report
No. of Homes
Houses for Sale in Camelback East, Phoenix
567
Houses for Sale in Paradise Valley, Phoenix
542
Houses for Sale in Deer Valley, Phoenix
405
Houses for Sale in North Mountain, Phoenix
385
Houses for Sale in South Mountain, Phoenix
285
Houses for Sale in Alhambra, Phoenix
273
Houses for Sale in Maryvale, Phoenix
270
Houses for Sale in Desert View, Phoenix
265
Houses for Sale in Laveen, Phoenix
230
Houses for Sale in Encanto, Phoenix
193
Houses for Sale in Ahwatukee Foothills, Phoenix
193
Houses for Sale in Central City, Phoenix
149
Houses for Sale in Estrella, Phoenix
139
Houses for Sale in North Gateway, Phoenix
89
Houses for Sale in Desert Ridge, Phoenix
87
Houses for Sale in Biltmore Area, Phoenix
32
Houses for Sale in Arcadia, Phoenix
22
Houses for Sale in Rio Vista, Phoenix
19
Houses for Sale in Roosevelt Row, Phoenix
8
Houses for Sale in Encanto Palmcroft Historic District, Phoenix
5
  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Sep 14, 2026, 11:00 AM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Phoenix, AZ Housing Marketlink qauare
Homes Available icon

3,526

Homes Available

Median List Price icon

$ 446,250

Median List Price

Avg on Market icon

62 Days

Avg on Market

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