Markets › Arizona
Arizona housing market
In the Grand Canyon State, part of the Census Bureau's Mountain division, Pecan Street tracks six markets. Median sale prices run from $322K in Tucson to $704K in Flagstaff as of Aug 2026. Four of six are higher than a year earlier and two are lower; Prescott leads at +4.0% and Flagstaff trails at -2.7%.
Homes sit longest in Flagstaff (88 median days on market) and sell fastest in Tucson (58 days). The share of active listings with a price cut runs from 19% in Yuma to 50% in Phoenix. Price-to-rent ratios run from about 14 in Tucson to 28 in Flagstaff, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Yuma metro has the 4th-lowest share of listings with a price cut and the Flagstaff metro the 5th-most median days on market. Arizona's unemployment rate was 4.9% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Flagstaff | $704K | -2.7% | 88 | 31% | ≈ 28 |
| Lake Havasu City | $486K | +1.1% | 76 | 32% | ≈ 24 |
| Phoenix | $461K | +2.2% | 62 | 50% | ≈ 17 |
| Prescott | $622K | +4.0% | 79 | 35% | ≈ 24 |
| Tucson | $322K | -0.8% | 58 | 38% | ≈ 14 |
| Yuma | $328K | +2.5% | 62 | 19% | ≈ 16 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Cities
Flagstaff, AZ
$704K · -2.7%
Lake Havasu City, AZ
$486K · +1.1%
Phoenix, AZ
$461K · +2.2%
Prescott, AZ
$622K · +4.0%
Tucson, AZ
$322K · -0.8%
Yuma, AZ
$328K · +2.5%
Recent signals
No market signals flagged across this state right now.