East Valley Market Update May, 2026

The easiest way to understand the East Valley market right now is this: prices are not collapsing, but buyers are not blindly chasing listings either. The market is holding up, but sellers still need to price carefully.

This report looks at homes priced up to $600,000 in Tempe, Mesa, Chandler, Gilbert and Queen Creek. In May, there were 713 closed sales, up almost 14% from last year, which tells us buyers are still active and homes are still selling. This is not a dead market, but it is a more selective one.