Greater Phoenix
Real Estate
Brian Adamski, Realtor
17+ Years of Experience
Honesty. Trustworthy. Integrity.
Greater Phoenix Market Overview
Highlights
As of March 25, 2025, the single-family home market in Greater Phoenix has displayed several noteworthy trends highlighting current dynamics.
- Over the past month, active listings saw a significant increase, climbing to 23,301, up from 17,184 three months ago.
- The average sold price currently stands at $710,373, demonstrating a robust market despite rising inventory.
- Days on market for active listings have extended to 77 days, suggesting a slower pace than seen previously.
- Though months of inventory are at 5.6, indicative of a slightly favorable market for buyers, the market remains competitive, reflected by a sold price to original list price ratio of 96%.
Market Snapshot as of 3.25.2025 | Inventory and Pricing |
---|---|
Active Listings: | 16,753 |
Avg Price: | $939,048 |
Avg Days on Market: | 78 |
Avg Price per Sqft: | $323 |
Months of Inventory: | 5.7 |
Sold Listings (last mo): | 5,053 |
Avg Price: | $711,019 |
Avg Days on Market: | 61 |
Avg Price per Sqft: | $298 |
Sold Listings (last 3 mos): | 12,232 |
Avg Price: | $692,834 |
Avg Days on Market: | 63 |
Avg Price per Sqft: | $295 |
Highlights
As of March 25, 2025, the condo, townhome, and patio home market in Greater Phoenix is reflecting notable shifts in key metrics.
- Over the past month, the number of active listings has increased to 5,062, up from 3,579 three months ago, signaling heightened inventory levels.
- Current days on market (DOM) for active listings stands at 83 days, indicating a slightly extended selling period compared to the previous three months when it was 108 days.
- Interestingly, the average sold price has improved to $452,905 in the last 30 days, which contrasts with $425,278 three months ago, suggesting that buyers may be willing to pay more despite the rising inventory.
Market Snapshot as of 3.25.2025 | Inventory and Pricing |
---|---|
Active Listings: | 3,904 |
Avg Price: | $505,184 |
Avg Days on Market: | 84 |
Avg Price per Sqft: | $386 |
Months of Inventory: | 6.7 |
Sold Listings (last mo): | 880 |
Avg Price: | $452,030 |
Avg Days on Market: | 65 |
Avg Price per Sqft: | $314 |
Sold Listings (last 3 mos): | 2,266 |
Avg Price: | $486,425 |
Avg Days on Market: | 65 |
Avg Price per Sqft: | $324 |
Highlights
As of March 25, 2025, the land market in Greater Phoenix is experiencing significant shifts that may influence buyer and seller strategies.
- Over the past month, active listings have increased to 3,940, a considerable rise from 2,972 six months ago.
- The average price per square foot for active listings currently holds steady at $8, but with a more extended Days on Market (DOM) of 284 days, which is higher than 390 days recorded six months ago.
- Notably, sold prices have shifted slightly, averaging $340,265 over the past month, indicating market adjustments that potential buyers should consider.
Market Snapshot as of 3.25.2025 | Inventory and Pricing |
---|---|
Active Listings: | 3,622 |
Avg Price: | $617,160 |
Avg Days on Market: | 285 |
Avg Price per Sqft: | $8 |
Months of Inventory: | 16.5 |
Sold Listings (last mo): | 268 |
Avg Price: | $318,497 |
Avg Days on Market: | 180 |
Avg Price per Sqft: | $9 |
Sold Listings (last 3 mos): | 719 |
Avg Price: | $331,763 |
Avg Days on Market: | 179 |
Avg Price per Sqft: | $8 |
Highlights
As of March 25, 2025, the multifamily market in Greater Phoenix reveals notable shifts that impact both buyers and sellers.
- Over the past month, the total number of active listings has climbed to 337, up from 243 three months ago, indicating increased supply.
- Meanwhile, the average sold price has risen to $702,364, reflecting growing buyer interest despite the expanded inventory.
- Days on Market (DOM) has dropped to 59 days, signaling quicker transactions compared to 86 days three months ago, thus presenting a dynamic market environment.
Market Snapshot as of 3.25.2025 | Inventory and Pricing |
---|---|
Active Listings: | 276 |
Avg Price: | $1,322,953 |
Avg Days on Market: | 120 |
Avg Price per Sqft: | $323 |
Months of Inventory: | 9.8 |
Sold Listings (last mo): | 45 |
Avg Price: | $702,364 |
Avg Days on Market: | 59 |
Avg Price per Sqft: | $259 |
Sold Listings (last 3 mos): | 103 |
Avg Price: | $717,897 |
Avg Days on Market: | 65 |
Avg Price per Sqft: | $295 |
Info About 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.
Read More......Read Less
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.
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.
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!
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Greater Phoenix Market Report
Current as of 3.25.2025 | Listings | Avg Price | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|
Active | 16,753 | 939,048 | 323 | 78 | 1 | 30,000,000 | 1 |
Under Contract | 7,452 | 704,420 | 294 | 70 | 120,000 | 42,500,000 | 2 |
Coming Soon | 804 | 992,745 | 346 | 0 | 199,000 | 50,000,000 | 3 |
Sold as of 3.25.2025 | Listings | Avg Price | YoY | Price per Sqft | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 12,232 | 692,833 | 0.0 | 294 | 62 | 98 | 96 | 35,000 | 21,000,000 |
Last 6 mos | 25,525 | 667,077 | 0.0 | 288 | 59 | 98 | 96 | 35,000 | 21,000,000 |
Last 12 mos | 54,634 | 656,961 | 0.0 | 285 | 55 | 98 | 96 | 20,000 | 32,388,888 |
2025 | 11,629 | 698,077 | 8.5 | 296 | 63 | 98 | 96 | 35,000 | 21,000,000 |
2024 | 54,461 | 643,155 | 5.1 | 283 | 54 | 98 | 96 | 20,000 | 32,388,888 |
2023 | 54,406 | 611,924 | -1.4 | 272 | 56 | 98 | 96 | 25,000 | 23,500,000 |
2022 | 64,690 | 620,397 | 13.7 | 290 | 30 | 100 | 98 | 24,900 | 28,100,000 |
2021 | 83,942 | 545,662 | 28.1 | 247 | 21 | 102 | 101 | 15,000 | 21,500,000 |
An In-Depth Look at Greater Phoenix Houses
The single-family home market in Greater Phoenix, as of March 25, 2025, operates within an evolving landscape influenced by various metrics reflecting buyer activity and supply dynamics.
Currently, the number of active listings has surged to 23,301, marking a robust increase from 17,184 three months prior. This 36% rise in active inventory has contributed to an uptick in months of inventory to 5.6, illustrating a gradual easing of competition for buyers compared to the more constrained conditions of 6 months ago when it stood at 4.1 months. The higher inventory typically grants buyers more leverage in negotiations; however, the average sold price currently at $710,373 remains resilient, slightly above the $672,630 recorded three months ago.
Interestingly, while the average days on market (DOM) for active listings is 77 days, this reflects a slower sell-through rate, an increase from 102 days previously. This suggests that properties are taking longer to sell, a trend that may be adjusting buyers' expectations and strategies, especially in a market with higher inventory levels.
Moreover, the sold price to original list price ratio remains strong at 96%, indicating that homes are still fetching close to their asking prices, despite the incremental increase in inventory and DOM. For pending listings, which currently total 7,096, the average price sits around $713,974, further signaling that the market continues to function effectively even amidst rising listings.
Looking more broadly, this balance between increased inventory and sustained sales price reflects the complex nature of the Greater Phoenix market, where buyers are presented with more choices, yet sellers are still benefiting from solid price retention. For buyers, capitalizing on the current environment means engaging in thoughtful negotiations and remaining vigilant with the property that aligns with their goals. On the flip side, sellers need to consider pricing strategies and market positioning, particularly as inventory levels remain above past norms.
Such developments illustrate a shifting landscape, emphasizing the importance for both buyers and sellers to understand current conditions thoroughly and adjust their strategies accordingly.
Current as of 3.25.2025 | Listings | Avg Price | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|
Active | 3,904 | 505,184 | 386 | 84 | 1 | 12,900,000 | 1 |
Under Contract | 1,352 | 670,995 | 379 | 78 | 70,000 | 8,350,000 | 2 |
Coming Soon | 134 | 551,062 | 359 | 0 | 145,000 | 4,480,000 | 3 |
Sold as of 3.25.2025 | Listings | Avg Price | YoY | Price per Sqft | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 2,266 | 486,425 | 0.0 | 324 | 65 | 97 | 95 | 60,000 | 5,467,543 |
Last 6 mos | 4,449 | 446,629 | 0.0 | 329 | 62 | 97 | 95 | 55,000 | 5,467,543 |
Last 12 mos | 9,583 | 426,460 | 0.0 | 335 | 57 | 97 | 95 | 39,000 | 5,467,543 |
2025 | 2,147 | 484,747 | 16.7 | 324 | 66 | 98 | 95 | 60,000 | 5,467,543 |
2024 | 9,566 | 415,489 | 2.5 | 350 | 53 | 98 | 96 | 39,000 | 4,500,000 |
2023 | 10,291 | 405,205 | 1.3 | 297 | 49 | 98 | 96 | 35,000 | 5,500,000 |
2022 | 12,782 | 399,864 | 18.8 | 323 | 26 | 100 | 99 | 40,000 | 6,000,000 |
2021 | 17,568 | 336,627 | 23.1 | 252 | 23 | 101 | 100 | 37,000 | 4,200,000 |
An In-Depth Look at Greater Phoenix Condos
The data indicates that the condo, townhome, and patio home market in Greater Phoenix is undergoing transformational trends as of March 25, 2025. The current inventory of active listings has surged to 5,062, reflecting a substantial increase of 41.5% from 3 months ago when there were 3,579 active listings. This increased inventory can present more options for buyers, potentially leading to competitive negotiations. However, the days on market (DOM) has also expanded, currently averaging 83 days, compared to 60 days three months ago. This trend points to a slower pace of sales, which may reflect a market adjustment as buyers become discerning amidst larger choices.
Another critical aspect to note is the rise in the average sold price, which currently stands at $452,905—a 6.0% increase from $425,278 three months prior. This uptick might indicate strengthening buyer confidence despite an overall longer DOM, suggesting that certain properties may still attract premium offers.
Looking at historical comparisons, the average price per square foot for sold properties is currently $314, up from $303 three months ago, reinforcing the trend of increasing values even as more properties enter the market. On the other hand, the months of inventory currently measures 6.6 months, which indicates that the market is leaning towards a buyer's environment due to the plentiful options available compared to historic norms. Generally, a balanced market typically sits around 4 to 6 months of inventory, and anything above this threshold tends to favor buyers.
For potential sellers, the current trends suggest that pricing strategically will be essential, as active listings may pressure them to align their price expectations with market realities. Buyers are likely to benefit from negotiating power due to the increased inventory, alongside the opportunity to explore a wider range of options.
In summary, the Greater Phoenix market for condos, townhomes, and patio homes showcases dynamic shifts: an increase in inventory and days on market coupled with rising sold prices reflects a balancing act for buyers and sellers alike. Market participants are advised to remain current on the evolving conditions to make informed decisions.
Current as of 3.25.2025 | Listings | Avg Price | Price per Acre | Price per Sqft | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|---|
Active | 3,622 | 617,160 | 356,670 | 8 | 285 | 1 | 82,373,800 | 1 |
Under Contract | 368 | 761,238 | 456,996 | 10 | 273 | 1 | 16,000,000 | 2 |
Coming Soon | 7 | 876,143 | 875,026 | 20 | 0 | 14,000 | 3,250,000 | 3 |
Sold as of 3.25.2025 | Listings | Average Price | YoY | Price per Sqft | Price per Acre | Days on Market | Sold Price to List Price | Sold Price to Orig List Price | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 719 | 331,763.0 | 0.0 | 8 | 349,092 | 178 | 91 | 86 | 4,000 | 13,972,582 |
Last 6 mos | 1,389 | 311,567.3 | 0.0 | 8 | 354,370 | 165 | 91 | 87 | 3,500 | 13,972,582 |
Last 12 mos | 3,077 | 303,975.6 | 0.0 | 7 | 341,012 | 154 | 91 | 87 | 1 | 42,000,000 |
2025 | 663 | 318,319.0 | 7.7 | 8 | 356,256 | 188 | 91 | 87 | 4,000 | 7,900,000 |
2024 | 3,242 | 283,572.0 | 14.8 | 8 | 330,745 | 145 | 92 | 88 | 1 | 42,000,000 |
2023 | 3,388 | 245,242.0 | -5.2 | 7 | 288,005 | 137 | 90 | 85 | 100 | 11,860,582 |
2022 | 4,535 | 236,864.0 | 24.4 | 7 | 303,712 | 112 | 93 | 91 | 1,265 | 33,957,000 |
2021 | 6,441 | 223,794.0 | 9.1 | 6 | 244,134 | 158 | 94 | 92 | 1 | 20,000,000 |
An In-Depth Look at Greater Phoenix Land
Currently, the Greater Phoenix land market showcases dynamic movements, with active listings rising to 3,940 units compared to just 2,972 six months ago. This trend highlights an increase in available options for prospective buyers, a notable change indicating potential adjustments in market conditions. Not only has the number of active listings grown, but the average Days on Market (DOM) has also extended to 284 days, an increase from the 390 days noted a mere six months ago. Such rising DOM suggests that properties are taking longer to sell, potentially creating favorable conditions for buyers to negotiate favorable terms on their purchases.
Moreover, examining the pricing aspect, the average price per square foot for active listings remains steady at $8, with the average sold price positioned at $340,265 in the past 30 days. It's essential to consider how this current sold price stands against previous trends. For instance, the average sold price was $295,558 just six months ago, illustrating a notable upward movement in property values. Furthermore, analyzing the sold price to original list price percent reveals a margin of 87%, indicating that while properties are listed at higher prices, buyers are generally paying slightly less than the original asking price, reflecting an adjustment for a more competitive environment.
The current inventory levels stand at 16.2 months, suggesting a buyer's market, where supply exceeds demand significantly. Historical comparison shows that inventory was just at 12.0 months six months ago, indicating that the market is experiencing slower absorption of listings. This uptick in available inventory combined with higher DOM and lingering buyer hesitance could provide negotiating leverage for those looking to purchase. Thus, both buyers and sellers should tailor their strategies accordingly, keeping an eye on these evolving conditions and preparing for potential movement in the land pricing landscape as the market continues to adjust.
Current as of 3.25.2025 | Listings | Avg Price | Price per Unit | Price per Sqft | Rent per Unit | Days on Market | Low Price | High Price | order_column |
---|---|---|---|---|---|---|---|---|---|
Active | 276 | 1,322,953 | 244,880 | 323 | 1,195 | 120 | 140,000 | 21,570,000 | 1 |
Under Contract | 65 | 750,930 | 224,719 | 251 | 1,087 | 71 | 100,000 | 2,995,000 | 2 |
Coming Soon | 1 | 460,000 | 230,000 | 192 | 1,523 | 0 | 460,000 | 460,000 | 3 |
Sold as of 3.25.2025 | Listings | Avg Price | YoY | Price per Unit | Price per Sqft | Price per Unit | Rent per Unit | Sold Price to Orig List Price | Days on Market | Low Price | High Price |
---|---|---|---|---|---|---|---|---|---|---|---|
Last 3 mos | 103 | 717,896 | 0.0 | 224,165 | 295 | 1,285 | 95 | 93 | 65 | 160,000 | 2,900,000 |
Last 6 mos | 227 | 692,794 | 0.0 | 214,956 | 285 | 1,129 | 96 | 93 | 58 | 160,000 | 2,900,000 |
Last 12 mos | 421 | 710,867 | 0.0 | 209,256 | 274 | 1,126 | 95 | 92 | 58 | 55,000 | 5,250,000 |
2025 | 93 | 716,829 | 2.5 | 213,998 | 287 | 1,274 | 95 | 93 | 61 | 160,000 | 2,900,000 |
2024 | 397 | 749,850 | -1.1 | 208,700 | 277 | 1,104 | 96 | 93 | 64 | 55,000 | 5,600,000 |
2023 | 344 | 790,987 | -2.3 | 211,016 | 289 | 1,066 | 95 | 93 | 58 | 50,000 | 8,670,000 |
2022 | 552 | 812,251 | 30.3 | 215,919 | 907 | 986 | 97 | 95 | 37 | 100 | 9,250,000 |
2021 | 759 | 669,655 | 29.0 | 165,766 | 371 | 821 | 99 | 98 | 39 | 75,000 | 8,400,000 |
An In-Depth Look at Greater Phoenix Multifamily Dwellings
The multifamily market in Greater Phoenix, as of March 25, 2025, is exhibiting a blend of evolving trends worth examining closely. Over the past month, the market has transitioned with an increase in active listings, which now stands at 337, compared to just 243 three months ago. This significant rise in inventory points to varying seller strategies amidst broader market dynamics. Interestingly, despite the enhanced supply, the average sold price has seen a marked increase, currently at $702,364, up from $636,333 three months prior, suggesting that buyer demand remains robust even in the face of more options. This upward trend in prices may also indicate a resilient ancillary factor to financing conditions, alongside buyer competition for quality listings.
Moreover, the Days on Market (DOM) has notably reduced to 59 days, down from 86 days three months ago. A declining DOM often suggests that properties are moving more swiftly through the market, which can be attributed to high buyer engagement and, possibly, attractive pricing strategies by sellers. With a ratio of 94% sold price to original list price, sellers seem to be adapting successfully, reflecting a considered approach to pricing in an environment that remains competitive.
Furthermore, the months of inventory currently sits at 9.5, up from 6.9 three months ago. This indicates that, while the market is becoming more balanced, with more options available, sellers may face greater pressure to price adjust. Buyers looking to enter the market can leverage the increased inventory for negotiations, while sellers may benefit from pricing their properties in line with recent trends to avoid prolonged DOM and potential undervaluation.
In summary, the current multifamily landscape in Greater Phoenix is characterized by increased inventory and rising prices, complemented by faster sales. This multifaceted environment invites buyers to act decisively while encouraging sellers to stay attuned to market changes to achieve favorable outcomes.

Brian Adamski, Realtor
17+ Years of Experience
Honesty. Trustworthy. Integrity.
480-405-1265

Brian Adamski, Realtor
17+ Years of Experience
Honesty. Trustworthy. Integrity.
480-405-1265
