Greater Phoenix Condos

Greater Phoenix Condos Market Highlights

As of Nov 11, 2025, the condos/townhomes/patio homes market in Greater Phoenix has exhibited notable fluctuations in key metrics that highlight current trends influencing buyers and sellers alike.

• The number of active listings has risen to 4,135, significantly higher than 3,161 recorded just three months ago.
• Currently, the average days on market (DOM) has remained steady at 94 days, reflecting a consistent pace of sales.
• The average sold price, however, has experienced a slight decrease, now at $427,136, compared to $414,576 three months earlier, indicating subtle shifts in market demand.
• The months of inventory currently stands at 5.7, marking a balanced market scenario.

An In-Depth Look at the Greater Phoenix Condos Market

The condos/townhomes/patio homes market in Greater Phoenix presents a multifaceted landscape as of Nov 11, 2025, driven by varying inventory levels and pricing trends.

• Active listings have jumped to 4,135, reflecting a robust supply compared to 3,161 three months prior. This rise in active inventory suggests that sellers are increasingly willing to enter the market, potentially influenced by favorable interest rates and improved consumer confidence.
• Despite the increase in listings, the average DOM has consistently held at 94 days, indicating that properties are moving at a steady pace without any significant uptick in urgency among buyers.
• Over the past three months, the average sold price decreased slightly from $414,576 to $427,136, a modest decrease that suggests buyers are negotiating more effectively. Seasonal factors, including school schedules and holiday preparations, could also be playing a role in this price adjustment.
• The average price per square foot for sold properties currently sits at $300, down from $312 six months ago, demonstrating a downward trend in pricing dynamics that may reflect buyer hesitation or saturation in the market for certain property types.
• The months of inventory metric remains at 5.7, indicative of a balanced market where neither buyers nor sellers hold overwhelming leverage. This level typically reflects a normal market equilibrium, where properties are selling at a steady but not rapid rate. Compared to 9 months ago, when the months of inventory was less prominent and inventory levels were notably lower, it reflects a market responding to increased demand without overwhelming price increases.
• Buyers navigating this market should remain vigilant, as active listings offer more choices, and negotiating power may enhance their purchasing opportunities. Sellers might consider adjusting pricing strategies to remain competitive as market conditions evolve.