Midtown Phoenix Condos Market Overview
Highlights
As of April 25, 2025, the condo/townhome/patio homes market in Midtown Phoenix displays notable shifts in inventory and pricing dynamics.
- Over the past month, active listings have increased to 124, reflecting growing options for buyers.
- The average sold price stands at $418,496, marking a favorable position for sellers.
- However, the average days on market (DOM) have extended to 169 days, indicating slower sales activity.
- Months of inventory at 12.0 suggest that the market is leaning toward a balanced state, which may allow buyers to negotiate more effectively.
Info About Midtown Phoenix Condos
For those seeking a distinctive urban lifestyle, Midtown Phoenix has grown to be a thriving and bustling neighborhood. For those looking to live in the center of the city without having to worry about maintaining a yard, Midtown Phoenix has a variety of condos for sale (including townhomes and patio homes). These condos are conveniently located close to some of the best eateries, museums, art galleries, hospitals, schools, entertainment venues, and businesses the city has to offer. They also offer a variety of amenities.
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Dining Out
The wide variety of restaurants in the area is among its best features. El Chullo Peruvian Restaurant & Bar, the infamous Durant’s, Blue Fin, and Mary Coyle Ol’ Fashion Ice Cream are just a few of the city’s top eateries that are located there. No matter what your cravings are—fine dining, pizza, or something completely different—you’re sure to find a restaurant that will suit them.
Culture
Midtown Phoenix is home to several museums and art exhibits for those who have an interest in the arts. With its impressive collection of modern and contemporary art, the Phoenix Art Museum is a must-see attraction. There is also the Heard Museum nearby, which is devoted to Native American art and culture. There are also a number of smaller galleries and studios where local artists’ creations are displayed.
Time with the Family
At the NE corner of Central Avenue and Indian School Road, one of the many parks is Steele Indian School Park, where one can play basketball or volleyball or simply relax and take in the vast grassy areas. Throughout the year, a number of events take place here as well. Encanto Park, another very well-liked park, is home to Enchanted Island Amusement Park, which offers rides, a train ride, pedal boats, and even the option to just sit and watch the ducks. Being surrounded by old growth trees, palm trees, and other lush vegetation makes it difficult to believe you are in a desert when you are walking around.
Health Care Services
There are several hospitals and healthcare facilities in Midtown Phoenix, including St. Joseph’s Hospital and Medical Center and Banner – University Medical Center Phoenix. Phoenix Children’s Hospital, which is in Central Phoenix but only a short distance from Midtown, is well-regarded. Residents have access to world-class medical services and care at these facilities.
Education
There are many public schools to choose from as well as a few private schools, including Brophy College Preparatory and Xavier College Preparatory, when it comes to education. Additionally, there is the highly regarded charter school BASIS.
Midtown Phoenix Condos for Sale
Getting Around
The light rail runs through the center of Midtown Phoenix, making it simple for locals to get around without a car. Residents can access other areas of the city, such as Uptown Phoenix, Downtown Phoenix, Tempe, Mesa, and the airport.
Final Thoughts
Residents of Midtown Phoenix have access to some of the best restaurants, museums, art galleries, hospitals, schools, entertainment venues, and businesses in the city. It is a thriving and exciting neighborhood. With its wide selection of condos for sale, Midtown Phoenix is sure to have a living option that fits your needs and way of life. Therefore, Midtown Phoenix condos are definitely something to think about if you’re looking for an urban lifestyle with minimal maintenance.
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Midtown Phoenix Condos Market Report
An In-Depth Look at Midtown Phoenix Condos
The Midtown Phoenix condo/townhome/patio homes market, as of April 25, 2025, showcases several significant metrics that reflect ongoing changes in market conditions.
Over the past month, the number of active listings has climbed to 124, a substantial increase from the 88 listings recorded three months ago. This upward trend in inventory signals an enhanced selection for prospective buyers, contrasting with trends seen six months and a year ago, where the active listings were notably lower at 69 and 77, respectively. Currently, the average price for these active listings is approximately $564,336, which is a slight decline from the previous months' average of $571,141 three months ago. The softening of active listing prices may provide opportunities for buyers to negotiate better terms.
When examining recent sales activity, the average sold price over the past month reached $418,496, indicating a robust market aside from the longer days on market. Notably, this figure has shown resilience against the backdrop of fluctuating home prices in the area. To contextualize, this sold price is an increase from $392,633 three months ago, suggesting that buyer interest remains, although the nature of a cooler sales environment is reflected in the average DOM rising to 169 days, compared to 220 days three months ago.
The months of inventory currently sit at 12.0, highlighting a balanced market that could favor buyers in negotiations, particularly given that this figure has increased from 9.4 months just three months ago. This increase indicates that properties may take longer to sell due to the higher volume of listings and more extended DOM. The implication is that sellers will need to be strategic in pricing and marketing to stand out in this expanding inventory landscape.
Overall, the dynamics in Midtown Phoenix suggest a market that is adapting, with opportunities emerging for buyers while sellers might need to adjust expectations regarding timelines and pricing strategies to engage a more discerning buyer base.
Brian Adamski, Realtor
Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service
480-405-1265
Brian Adamski, Realtor
Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service
480-405-1265