Phoenix Metro Housing Market Reports: November 2026
By Megan & Jason Williams, REALTORS® · 18 years, 700+ homes sold · See our track record · Updated
Quick answer: As of November 2026, Queen Creek (6.7 months of supply) and San Tan Valley (6.1) are buyer's markets, while Gilbert, Chandler, Mesa and Apache Junction are balanced. San Tan Valley is the most affordable per square foot (about $215), and Chandler is the priciest (about $302). Pick a city below for its full report.
Which Phoenix-area cities favor buyers right now?
| City report | Homes for sale | Months of supply | Average asking price, homes that sold | Sold homes, price per sq ft | Market |
|---|---|---|---|---|---|
| Gilbert | 1,066 | 4.8 | $731,000 | $295 | Balanced market |
| Chandler | 713 | 4.1 | $653,000 | $302 | Balanced market |
| Queen Creek | 706 | 6.7 | $799,000 | $285 | Buyer's market |
| Mesa | 1,572 | 4.6 | $580,000 | $273 | Balanced market |
| San Tan Valley | 1,103 | 6.1 | $458,000 | $215 | Buyer's market |
| Apache Junction | 352 | 5.4 | $463,000 | $268 | Balanced market |
Source: Arizona Regional MLS single-family listings on FindAZValleyHomes.com, pulled November 12, 2026. Homes for sale includes listings that already have an accepted offer and are taking backups. Sold = closed in the last 90 days. Figures change daily.
How to read these reports
Months of supply is the one number to watch. It is how long today's homes for sale would last if nothing new was listed. Under 4 months, sellers have the edge. Between 4 and 6, the market is balanced. Over 6, buyers have the edge and can push for a lower price, repairs or closing-cost help.
Sold prices beat asking prices. A few multi-million-dollar listings can pull the average asking price way up. That is why every report leads with what homes that actually sold were listed at.
Why we built these reports
We moved to Arizona from the Detroit area in 2008 and have lived in Mesa, Chandler, Gilbert and now Queen Creek. Most of the people we help are moving here from out of state and trying to compare cities they have only seen online. Each report uses the same MLS data, pulled the same day, so you can compare cities side by side and see which one fits your budget.
Market reports FAQ
Is it a buyer's or seller's market in the Phoenix area?
It depends on the city. As of November 2026, Queen Creek and San Tan Valley lean toward buyers, while Gilbert, Chandler, Mesa and Apache Junction are balanced. None of the six cities we cover is a seller's market right now.
Which Phoenix suburb is the most affordable?
Of the six cities we cover, San Tan Valley has the lowest price per square foot (about $215 for homes that sold in the last 90 days) and the lowest average asking price for homes that sold (about $458,000). Mesa has the most homes listed under $500,000, about 810.
Where are the most new construction homes?
As a share of homes for sale, Apache Junction (about half), San Tan Valley (about a third) and Queen Creek (about a quarter) have the most homes built in 2026 or later.
How often are these reports updated?
The listing tables on each report update automatically from the MLS. The written numbers and the date at the top show when we last pulled and checked them.
Can I get a report for my neighborhood?
Yes. Call or text Megan & Jason Williams at 480-618-1890 and we will send a free report for your neighborhood or street, based on what actually sold.
Not sure which city fits you?
Tell us your budget, your must-haves and where you are moving from. We will compare the cities for you and send listings that fit.