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Homes for Sale Under 500K in Phoenix, AZ

4,109 Homes for Sale

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Photo 1 of Sale Pending at 5509 S 35th Way, Phoenix, AZ 85040 | MLS# 7063457 | Listing updated on 2026-09-18

$485,990

Views: 15

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 1,880sqft

Sale Pending

5509 S 35th Way, Phoenix, AZ 85040

K. Hovnanian Great Western Homes, Llc. Listing provided by ARMLS

Photo 1 of Single family home for sale at 6617 W Molly Ln, Phoenix, AZ 85083 | MLS# 6907325 | Listing updated on 2026-07-31

$485,777

Views: 3

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 2,078sqft

Single family home for sale

6617 W Molly Ln, Phoenix, AZ 85083

My Home Group Real Estate. Listing provided by ARMLS

Photo 1 of Single family home for sale at 4330 E Vaughn Dr, Phoenix, AZ 85044 | MLS# 7080313 | Listing updated on 2026-10-10

$485,000

Views: 26

Bedrooms: 3Bds

Bathrooms: 3Ba

Area: 1,487sqft

Single family home for sale

4330 E Vaughn Dr, Phoenix, AZ 85044

Engel & Voelkers Scottsdale. Listing provided by ARMLS

Price CutPrice Drop: $6.44K
Photo 1 of Single family home for sale at 9732 W Fraktur Rd, Tolleson, AZ 85353 | MLS# 7060500 | Listing updated on 2026-10-23

$484,995

Views: 11

Bedrooms: 4Bds

Bathrooms: 3Ba

Area: 2,630sqft

Single family home for sale

9732 W Fraktur Rd, Tolleson, AZ 85353

Sekisui House Arizona. Listing provided by ARMLS

Photo 1 of Sale Pending at 12112 S Ki Rd, Phoenix, AZ 85044 | MLS# 7096403 | Listing updated on 2026-10-24

$484,900

Views: 1

Bedrooms: 4Bds

Bathrooms: 2Ba

Area: 2,008sqft

Sale Pending

12112 S Ki Rd, Phoenix, AZ 85044

Keller Williams Realty Sonoran Living. Listing provided by ARMLS

Showing 211 - 252 of 4,109 homes for sale in Phoenix, AZ

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Phoenix, AZ Housing Market Overview

Phoenix is a balanced market, giving buyers and sellers room to negotiate. With 4.1 months of supply and homes averaging 69 days on the market, you can make decisions without the pressure of a highly competitive market.

Status

Balanced Market

Days on Market

69

Inventory

4,816

Sep 2021Jun 2024Sep 2026

Median Home Price

$454,500Up 0.12%

In Sep 2026 · YoY

Sep 2021Jun 2024Sep 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
4,816 Up 9.73%
Newly Listed Homes
5,463 Up 2.88%
Months of Supply
4.1 Up 20.59%

Housing Demand

Homes Sold
3,495 Down 8.89%
Sale-to-List Ratio
98.1% Up 0.31%
Homes Sold Above List
15.4% Up 5.39%

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

View Full Phoenix Market Report
No. of Homes
Prices
Houses for Sale in Camelback East, Phoenix
857
-
Houses for Sale in Paradise Valley, Phoenix
818
-
Houses for Sale in Deer Valley, Phoenix
628
$426,500
Houses for Sale in North Mountain, Phoenix
564
-
Houses for Sale in Maryvale, Phoenix
534
$352,750
Houses for Sale in Alhambra, Phoenix
458
-
Houses for Sale in South Mountain, Phoenix
448
-
Houses for Sale in Desert View, Phoenix
406
-
Houses for Sale in Ahwatukee Foothills, Phoenix
323
$520,000
Houses for Sale in Encanto, Phoenix
295
-
Houses for Sale in Laveen, Phoenix
287
$450,000
Houses for Sale in Central City, Phoenix
239
-
Houses for Sale in Estrella, Phoenix
234
-
Houses for Sale in Desert Ridge, Phoenix
117
$896,450
Houses for Sale in North Gateway, Phoenix
111
-
Houses for Sale in Biltmore Area, Phoenix
66
-
Houses for Sale in Arcadia, Phoenix
37
$3,800,000
Houses for Sale in Rio Vista, Phoenix
20
-
Houses for Sale in Encanto Palmcroft Historic District, Phoenix
9
-
Houses for Sale in Roosevelt Row, Phoenix
8
-
Ahwatukee Foothills, Phoenix Neighborhood Guide
Laveen, Phoenix Neighborhood Guide
Desert Ridge, Phoenix Neighborhood Guide
Maryvale, Phoenix Neighborhood Guide
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  • mls-img

    Based on information from the Arizona Regional Multiple Listing Service through Oct 29, 2026, 9:15 PM. 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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Homes Available icon

4,109

Homes Available

Median List Price icon

$ 454,500

Median List Price

Avg on Market icon

69 Days

Avg on Market