Arizona
Local Housing Market · Zillow ZHVI · September 2026
$416,733
Typical Home Value
▼ 1.0% YoY ▼ 0.10% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 Arizona Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$416,733
▼ 1.0% YoY
Month-over-Month
▼ 0.10% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · 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 · September 2026
• Inventory is up 6.7% YoY and listing prices are softening 3.5% YoY with 26.7% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 65 days — a slower market. Pending ratio is 0.3 — moderate demand, purchase timelines are manageable.
• New listings are increasing 2.1% YoY. More sellers entering the market supports purchase loan volume.
Median Listing Price
$459,900
▼ 3.5% YoY
Median Days on Market
65d
0d YoY
Active Listings
29,571
▲ 6.7% YoY
New Listings
10,548
▲ 2.1% YoY
Price Reduced Share
26.7%
of active listings
Pending Ratio
0.3
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) · September 2026
Prescott Valley-Prescott
▼ COOLING
National rank #213
Median Price
$625,000
Median DOM
78d
Demand score 51/100
Yuma
▼ COOLING
National rank #223
Median Price
$354,900
Median DOM
66d
Demand score 32/100
Tucson
▼ COOLING
National rank #239
Median Price
$374,900
Median DOM
63d
Demand score 18/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply