Arizona
Local Housing Market · Zillow ZHVI · March 2026
$423,330
Typical Home Value
▼ 1.8% YoY ▼ 0.04% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 Arizona Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$423,330
▼ 1.8% YoY
Month-over-Month
▼ 0.04% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · Arizona
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 1.5% YoY and listing prices are softening 4.1% YoY with 26.3% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 58 days — a slower market. Pending ratio is 0.39 — moderate demand, purchase timelines are manageable.
• New listings are declining 6.9% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$478,500
▼ 4.1% YoY
Median Days on Market
58d
0d YoY
Active Listings
30,534
▲ 1.5% YoY
New Listings
11,874
▼ 6.9% YoY
Price Reduced Share
26.3%
of active listings
Pending Ratio
0.39
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Arizona
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Prescott Valley-Prescott
▼ COOLING
National rank #216
Median Price
$649,950
Median DOM
63d
Demand score 46/100
Yuma
▼ COOLING
National rank #219
Median Price
$349,950
Median DOM
57d
Demand score 34/100
Lake Havasu City-Kingman
▼ COOLING
National rank #248
Median Price
$399,450
Median DOM
63d
Demand score 29/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply