06/03/2026
📊 Greater Phoenix Housing Market Update – June 2026
Wondering what’s happening in the East Valley real estate market?
Chandler continues to be one of the strongest housing markets in the Phoenix area, ranking as the #2 Seller's Market in Greater Phoenix according to the latest Cromford Market Index. Gilbert also remains in seller-favored territory, while Queen Creek and San Tan Valley are offering buyers more negotiating opportunities.
Here are a few key market highlights:
✅ Median Phoenix-area home price increased to $458,000, up 0.7% from last year.
✅ Over 54% of sellers are offering concessions, creating opportunities for buyers.
✅ Homes are selling at an average of 97.2% of list price.
✅ Sales activity is up nearly 4% year over year, showing continued buyer demand.
✅ Gilbert ( #57), Chandler ( #78), and Queen Creek ( #103) were all ranked among the Best Places to Live in America by U.S. News & World Report.
What does this mean for you?
🏡 Sellers: Proper pricing and strategic marketing are critical as buyers have more choices than they did a few years ago.
🔑 Buyers: Increased inventory and seller concessions may help make homeownership more affordable.
If you're curious about what's happening in your neighborhood or want a customized home value analysis, I'd be happy to help.
*info provided by Cromford Report
Betsie Melter
Realty ONE Group | East Valley Real Estate Expert
Serving Chandler, Gilbert, Queen Creek, San Tan Valley, Mesa & surrounding communities.
