Greater Phoenix Real Estate

Brian Adamski, Realtor Phoenix Resident Since 2003 | Trusted Real Estate Consultant

Greater Phoenix Real Estate Market Overview

Greater Phoenix All Property Types – Inventory by Property Type – 7.10.2025
Greater Phoenix All Property Types – Avg Sold Price Trend – 7.10.2025
Greater Phoenix All Property Types – Active Listings Trend – 7.10.2025

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Greater Phoenix Real Estate Market Report

Greater Phoenix All Property Types Market Highlights

As of Jul 10, 2025, the residential real estate market in Metro Phoenix is experiencing notable shifts in supply and pricing dynamics.

  • The overall inventory of active listings is currently at 29,956, reflecting a significant increase from 25,616 three months ago.
  • The average price per square foot for active listings is now at $348, suggesting rising home prices as demand persists.
  • Meanwhile, the average sold price has reached $581,246, showing a remarkable resilience amid these changing market conditions.
Greater Phoenix All Property Types – Inventory Snapshot – 7.10.2025
Greater Phoenix All Property Types – Sold Market Report – 7.10.2025

An In-Depth Look at the Greater Phoenix All Property Types Market

In a deeper analysis of the Metro Phoenix residential real estate market, we see that current trends present both opportunities and challenges for buyers and sellers alike.

  • Active Listings: The total number of active listings has climbed significantly to 29,956, up from 25,616 just three months ago, highlighting an increase in available homes for buyers. This rise in inventory, combined with the current months of inventory standing at 4.2 months, indicates a more balanced market that doesn't heavily favor either buyers or sellers. This level of inventory typically allows buyers to have more options and negotiate better prices.
  • Days on Market (DOM): On average, homes are taking more time to sell, with the DOM rising to 114 days, compared to 103 days three months prior. This could suggest that buyers are being more selective or that market conditions are becoming slightly less urgent.
  • Pricing Trends: Interestingly, while the average price per square foot for active listings is $348, the average sold price stands at $581,246. This gap points towards a potential adjustment where sellers may need to reconsider their pricing strategies. The average sold price reflects consistent buyer interest, in stark contrast to concerns over higher mortgage rates impacting overall housing affordability.
  • Historical Context: When we look back a year, the market has changed substantially, with the average sold price climbing from $553,306 to $581,246, showcasing a resilience amidst fluctuating economic conditions. In the past 12 months, active listings have increased from 12,095, highlighting a significant shift in available inventory.
  • Market Position: Currently, with 4.2 months of inventory, we are in a more neutral territory, transitioning between a seller’s market and a buyer's market. This shift is critical for prospective buyers to understand, as it may allow for more negotiating leverage as they navigate their search for the ideal home.
  • Conclusion: With more homes available and increasing DOMs, buyers currently possess greater power to negotiate. Sellers may need to adapt their strategies, potentially reconsidering their listing prices to remain competitive in this evolving market landscape.

This period appears to represent an opportunity for those looking to enter the housing market, as trends of increased inventory and slightly longer sell times could lead to more favorable purchasing conditions.

Info About Greater Phoenix

Homes for Sale in Greater Phoenix

Homes for Sale in Greater Phoenix


The Greater Phoenix area is 10th largest metro area in the United States (4,652,000 people).

Two major airports serve Greater Phoenix. Phoenix Sky Harbor International Airport is the main one and is considered the 10th busiest in the United States. In 2004, Phoenix-Mesa Gateway Airport started commercial passenger flights.

Phoenix is in the northeastern part of the Sonoran Desert at about a mean elevation of 1,117 feet (340 m) and has a subtropical desert climate.

High Demand

For the last decade or so, Greater Phoenix real estate has been in the top 3 metro areas for people wanting to buy for both their primary home, secondary homes, and investment purposes. Since, COVID, the demand for Phoenix, AZ real estate has increased even more.

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Weather

Phoenix is frequently referred to as the Valley of the Sun and for good reason, as you can expect to see the sun, on average, 85% throughout the year. 8-9 months out of the year the weather in Phoenix is glorious and is one big reason people move here. Winter months are warm, with daily high temperatures ranging from the mid-50s to high 70s and low temperatures mostly in the low 40s, occasionally dipping below 40. On average, Phoenix has only five days per year where the temperature drops to or below freezing. The summer high average temperatures are typically over 100 °F (38 °C).

Economy

Eight Fortune 500 firms are currently headquartered here: Freeport-McMoRan, Avnet, Carvana, Republic Services, Insight Enterprises, Opendoor Technologies, Taylor Morrison Homes, and ON Semiconductor.

Phoenix has plenty of high-tech and telecommunications companies like Intel, GoDaddy, LifeLock, Gainsight, Microchip, Keap, Honeywell’s Aerospace division, and countless more.

Greater Phoenix Real Estate for Sale

Greater Phoenix Real Estate


Phoenix also benefits from tourism and recreation because of its weather and proximity to places like the Grand Canyon. Several golf events occur throughout the Phoenix Metro area, including the PGA’s Waste Management Phoenix Open.

Culture

Some of the best museums, theatres, and art galleries in the Southwest are located here.

Things To Do

Enjoy the outdoors year round! There is great hiking, mountain biking, and horseback riding on the many different mountain ranges throughout Greater Phoenix.

Phoenix is one the world’s golf capital and has many interesting, challenging, and unique courses.

Greater Phoenix Golf Course Homes

Greater Phoenix Golf Course Homes


Need to cool off? Phoenix has plenty of water parks or go tubing on the Salt River.

Phoenix also has plenty of public parks to relax with the family, have a picnic, swim in the pool, tennis, pickleball, or volleyball.

Within a 2-6 hour car drive lies the Grand Canyon, Sedona, Tucson, San Diego, Las Vegas, Palm Springs, Los Angeles, or even Mexico.

Topography

Generally speaking, the Greater Phoenix is flat, but mountain ranges are in and around the valley. If you’re looking for mountain views and foothills to break up the flatness, I would look at areas such as Ahwatukee (south), Biltmore Area (central), Arcadia Area (central), North Scottsdale (north), and Gold Canyon (east).

Want Help to Buy or Sell from an Expert?

If you’re looking for an experienced Greater Phoenix real estate agent, then you found one here! Brian is ranked in the top 3% in AZ. Whether you are looing for a single family home, a condo, or land, he is your guy!

Brian Adamski, Realtor

Phoenix Resident Since 2003 | Trusted Real Estate Consultant

Brian Adamski, Realtor
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He listened to us describe our situation and what we were looking for. He suggested an area to focus on which kept us from being overwhelmed.
Jim and Suzi Thomason, Buyers
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Brian was crucial in each step along the way to get my mom's house ready for sale, finding the perfect buyers, and finalizing all the details to close on the house.
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