Markets › Arizona
Arizona housing market
In the Grand Canyon State, part of the Census Bureau's Mountain division, Pecan Street tracks seven markets. Median sale prices run from $296K in Sierra Vista to $691K in Flagstaff over Jul–Sep 2026. Six of seven are higher than a year earlier and one is lower; Flagstaff leads at +3.7% and Yuma trails at -1.2%.
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 15 in Yuma to 27 in Flagstaff, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Yuma metro has the 5th-lowest share of listings with a price cut and the Flagstaff metro the 12th-most median days on market. Arizona's unemployment rate was 4.9% in Sep 2026 (BLS via FRED), above the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Flagstaff | $691K | +3.7% | 88 | 31% | ≈ 27 |
| Lake Havasu City | $344K | +1.5% | 76 | 32% | ≈ 17 |
| Phoenix | $458K | +0.4% | 62 | 50% | ≈ 17 |
| Prescott | $512K | +1.7% | 78 | 30% | ≈ 20 |
| Sierra Vista | $296K | +1.4% | 74 | 29% | ≈ 15 |
| Tucson | $366K | +2.2% | 58 | 38% | ≈ 16 |
| Yuma | $308K | -1.2% | 62 | 19% | ≈ 15 |
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.
Recent signals
No market signals flagged across this state right now.